P1-2 Cost of goods sold-merchandiser and manufacturer The following data were taken from the general ledgers and other sources of Gamma Manufacturing Inc. and Epsilon Merchandising Co. on April 30 of the current year: X Merchandise inventory, April 1 $ 38,000 Finished goods, April 1 67,000 Purchases..... 121,000 Cost of goods manufactured.. 287,000 Merchandise inventory, April 30. 33,000 Finished goods, April 30 61,000 Required: 1. Compute the cost of goods sold for Epsilon Merchandising Co., selecting the appropriate items from the previous list. 2. Compute the cost of goods sold for Gamma Manufacturing Inc., selecting the appropriate items from the previous list. The adjusted trial balance for Rochester Electronics, Inc. on November 30, the end of its first month of operation, is as follows income statement 1. Compute Co., selecting the 2. Compute the cost of goods selecting the appropriate items from Statement of cost of goods manufactured; P1-4 balance sheet Rochester Electronics, Inc. Trial Balance November 30, 2016 $ 21,800 16,200 13,900 7,400 300,000 $ 3.000 Cash Accounts Receivable Finished Goods.. Work in Process.. Materials.... Building... Accumulated Depreciation-Building Machinery and Equipment. Accumulated Depreciation-Mach. and Equip. Accounts Payable 88,000 2.200 422550 68,300 Payroll... Capital Stock Sales... 42,450 Cost of Goods Sold Factory Overhead .... Selling and Administrative Expenses. 15,200 $504,950 The general ledger reveals the following additional data: a. There were no beginning inventories. b. Materials purchases during the period were $33,000. c. Direct labor cost was $18,500. d. Factory overhead costs were as follows: $504,950