Please Answer 7 & 8

Question 7 (10 points) Baltimore Company's January 1, 2020 finished goods inventory was $95,000. The January 1, 2021 finished goods inventory is $80,000. Cost of goods purchased for resale FY 2020 was $210,000. Use this information to determine the dollar amount of the FY 2020 cost of goods sold. Use whole numbers (no cents) Your Answer: Answer Question 8 (10 points) During FY 2020 Annapolis Manufacturing had total manufacturing costs are $790,000. The January 1, 2020 balance of Work-in-Process Inventory is $100,000. The December 31, 2020 balance of Work-in-Process Inventory is $105,000. Use this information to determine the dollar amount of the FY 2020 Cost of Goods Manufactured. Use whole dollars (no cents). Your