Hi, can you please help me with question 3 and 4 please. I got D for both of them but I'm not sure

08:06 . . 49 .Ill 100% X Fall 2019 Quiz 1 Printable(1).pdf . . . o D above SME 2001 MANAGERIAL ACCOUNTING (MAC) - QUIZ #1 Question 3: (1 Point) Fisher, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records. Cost of goods sold $50,000 Work in process inventory, January 1, 2007 12,500 Work in process inventory, December 31, 2007 10,500 Selling and Administrative Expenses 10,000 Net Income 15,000 Factory overhead 10,000 Direct materials inventory, January 1, 2007 12,000 Direct materials inventory December 31, 2007 5,000 Cost of goods manufactured 58,000 Finished goods inventory, January 1, 2007 17,000 Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The CFO of Fisher, Inc. has asked you to recalculate the following accounts and to report to him by the end of the day. What should be the amount of net sales? $68,500 O $70,000 o $72,500 $75,000 Question 4: (1 Point) er the following for the Franklin Street Manufacturing: Change in finished goods inventory $685 decrease Change in work-in-process inventory $350 increase Total manufacturing costs $1,600 What are the cost of goods manufactured and cost of goods sold, respectively? o $ 915, $1,935 $ 915, $1,950 o $2,285, $2,635 $1,250, $1,935 SME 2001 MANAGERIAL ACCOUNTING (MAC) - QUIZ #1 Question 5: (1 Point) The Gym Company produces weights in different sizes and sells them to gym equipment distribution companies who in turn sell them to various gyn such as Boston Sports Club or Gold's Gym. The manufacturing plant occupies 70% of the total buildings and grounds. Approximately 80% of the uti are for the manufacturing plant. External vendors provide all of the materials and supplies. The sales force is paid entirely on commissions. Adverti spending is set by contract at beginning of the year. At full capacity, the plant is capable of producing 500,000 units per year. This year, The Gym Company manufactured and sold 400,000 units. Information on their costs is listed in the table below. Item 1-Jan-2006 31-Dec-2006 During the Year Raw materials inventory $60,000 $20,000 L . . O K