Merch Inc., a merchandising company, provided the following information for the month of March: $180,000 $42,000 $25,000 Sales: Selling Expenses: Administrative Expenses: Merchandise Inventory, Beginning Balance: Merchandise Inventory, Ending Balance: Merchandise Purchase: $18,600 $31,400 $59,600 1. What is the amount for goods available for sale? (2 marks) Number 2. What is the cost of goods sold for the month of March? (2 marks) Number 3. What is the operating income or loss? Enter an operating loss as a negative number. (2 marks) Number Tupal Co. is a manufacturing company that produces water bottles globally. Information taken from the accounting records for the third quarter of the year is shown below: Beginning raw materials inventory: $5,000 Purchases of raw materials: $29,000 Ending raw materials inventory: $7,600 Direct labour: $20,900 Manufacturing overhead: $23,400 Beginning work in process inventory: $10,500 Ending work in process inventory: $5,700 Yearly rent for production facility: $32,000 Yearly property taxes: $15,500 1. Calculate raw materials available for use. (2 marks) Number 2. Calculate the raw materials used in production. (2 marks) Number 3. Calculate the total manufacturing costs. (3 marks) Number 4. Calculate cost of goods manufactured. (3 marks) Number The table below provides machine usage and total machine costs for a company for the last 12 months. Month Machine Hours Total Costs January 266 $244,720 February 499 $557,882 March 536 $675,896 April 311 $266,838 May 202 $213,110 June 474 $518,082 July 364 $366,184 August 1,185 $1,150,635 1,056 $849,024 September October 718 $785,492 November 602 $514,108 December 398 $456,904 Analyze the machine costs using the high-low method. 1. Calculate the variable cost per hour. (3 marks) 1344 2. Calculate the total fixed cost. (2 marks) Number 3. Express variable and fixed components using the equation Y = a +bX. (2 marks) Y = Number + Number X 4. If a company expects to use the machine for 650 hours next month, what are the expected total costs? (1 mark) Number