Midterm test October 2021 (Protected VIEW) View Review ces Mailings Help Tell me what you want to do QUESTIONS: 1. The bookkeeper of Tropicala Ltd., small manufacturer, has resigned suddenly. The president of the company has requested your assistance, having just found out you are taking a management accounting class. The president's secretary, trying to be helpful has alphabetized the list of items concerning operations ended September 30, 2022 Administrative salaries $47,200 Advertising expense 21,000 Depreciation - factory building 3,700 Depreciation - manufacturing equipment 7,600 Depreciation - office equipment 3,600 Direct labour 87,400 Finished goods inventory, beginning 41,000 Finished goods inventory, ending 37,200 Indirect labour 6,600 Indirect materials used 1,600 Insurance - factory 4,300 Insurance -sales autos 3,200 Property taxes - factory 5,100 Purchases of raw materials 46,800 Raw materials inventory, beginning 3,200 Raw materials inventory, ending 3,800 Rent-sales office 12,000 Repairs and maintenance - factory 2.800 Sales salaries 38,000 Travel and entertainment costs 6,400 Work-in-process inventory beginning 8,300 Work-in-process inventory 9,100 I Raw materials inventory includes both direct and indirect raw materials. Required: Using either a schedule of cost of goods manufactured, or Taccounts, whichever method you prefer. a) Determine the cost of the direct materials transferred into production during the year. b) Determine the cost of goods manufactured during the period. c) Determine the cost of goods sold during the period. NO 3 8 2 o RI ** $