PRACTICE: 1. The balance sheet dated Jan 31, 2019 of Umbrella Company, has a balance in the FGI account of $33, 125. The Jan 31, 2020, the balance sheet has a balance in the FGI account of $48,600. Work in Process Inventory account has a beginning balance of $24,500 and an ending balance of $33,200. If the cost of goods manufactured is $337,900, how much is cost of goods sold? 2. JumpHouse Company uses an actual product costing system. It reported the following amounts for 2019: Raw materials purchased $69,100 Beginning work-in-process inventory $29,800 Direct materials used 72,520 Ending work-in-process inventory 19,000 Indirect materials used 3,000 Selling and administrative expenses incurred 26,550 Direct labor used 62,450 Other manufacturing overhead costs incurred 19,125 Indirect direct labor used 9,800 Beginning finished goods inventory 7,000 Ending finished goods inventory 12.000 2.1. Calculate the cost of goods manufactured. 2.2. Calculate cost of goods sold