Problem 5-3 The following information relates to the Bell Tower Company: Sales 18,000 Ending Finished Goods 4,000 Cost of Goods Sold Gross Margin Operating Income Direct Materials Used 13,000 5,000 3,000 Direct Labor Manufacturing Overhead Beginning Work in Process Finished Work in Process 2,000 4,000 3,000 5,000 2,000 The other operating expenses are $3,000. O True O False Problem 5-4 The following information relates to the Bell Tower Company: Sales 18,000 Ending Finished Goods Cost of Goods Sold 4,000 13,000 5,000 Gross Margin Operating Income Direct Materials Used 3,000 2,000 4,000 3,000 Direct Labor Manufacturing Overhead Beginning Work in Process Finished Work in Process 5,000 2,000 The total manufacturing costs are $14,000. O True False