During FY 2016, Bravo Manufacturing had a beginning finished goods inventory of $250 & ending

finished goods inventory of $1,000. Work-in-process decreased by $500 during FY 2016 and factory

overhead was $2,000. The total manufacturing costs amounted to $48,000. Use this information to

determine the FY 2016 dollar amount of: (Round dollar values & enter as whole dollars only.)

1. Cost of Goods Manufactured

2. Cost of Goods Sold