need explenation!

QUESTION 1 Cost of goods purchased, cost of goods sold, and income statement. The following data are for Carolina Retail Outlet Stores. The account balances are for 2015. Marketing and advertising costs, $22000, Merchandise inventory, January, 1, 2015, $29500, Shipping of merchandise to customers, $1230, Building depreciation, $1540, Purchases, $135300, General administrative costs, $14000, Merchandise inventory, December 31, 2015, $24000, Merchandise freight in, $4620, Purchase returns and allowances, $4510, Purchase discounts, $8610, Revenues, $248000. Required 1. Compute both the cost of goods purchased, and the cost of goods sold. 2. Prepare the income statement for 2015. QUESTION 2 Salamone Heaters selected data for October, 2015, are presented here. Direct materials Inventory, October 1, 2015, $1100, Direct materials purchased, $6500, Direct materials used, $5780, Total manufacturing overhead costs, $4350, Variable manufacturing overhead costs, $2800 Manufacturing costs incurred during October, 2015, $16530, Work in process inventory, October 1, 2015, $750, Cost of goods manufactured, $16420, Finished goods inventory, October 1, 2015, $1950, Cost of goods sold, $16870. Calculate the following costs. 1. Direct materials inventory, October 31, 2015, 2. Fixed manufacturing overhead costs for October, 2015, 3. Direct manufacturing labor costs for October, 2015, 4. Work in process inventory, October 31, 2015, 5. Cost of finished goods available for sale in October, 2015, and 6. Finished goods inventory, October 31, 2015