Compute $($a$)$ the cost of geods purchased and $($b$)$ the cost of goods sold.

Prepare the income statement for $2011.$

Cash Flow of Inventoriable Costs. Renka's Heaters selected data for October $2011$ are presented here $($in millions$)$:

Calculate the following costs:

$1.$Direct materials inventory $10/31/2011$

$2.$Fixed manufacturing overhead costs for October $2011$

$3.$Direct manutacturing labor costs for October $2011$

$4.$Work$-$in$-$process inventory $10/31/2011$

$5.$Cost of finished goods available for sale in October $2011$

$6.$ Finished goods inventory $10/31/2011$