Question 2 2 pts Regency Inc. has $50,000 of ending finished goods inventory as of December 31, 2020. If beginning finished goods inventory was $15,000 and cost of goods manufactured was $65,000, how much would Magnolia report for cost of goods sold? $75,000 O $100,000 O $30,000 $65,000 Question 4 2 pts Penny Inc reported the following: beginning work in process inventory, $200,000; cost of goods Persold, $800,000; beginning finished goods inventory, $225,000; ending work in process inventory, $210,000; and ending finished goods inventory, $275,000. Penny's cost of goods manufactured for the year is $825,000 $775,000 $850.000 $800,000 Question 6 2 pts Green Group reported the following year-end information: Beginning work in process inventory $200,000 Beginning raw materials inventory 500,000 Ending work in process inventory 800,000 Ending raw materials inventory 500,000 Raw materials purchased 800,000 Conversion Costs 1,500,000 Green's cost of goods manufactured for the year is O $1.700.000. $2,800,000 $1,600,000. O $2,900,000. > Question 7 2 pts Stubs Inc has beginning and ending raw materials inventories of $95,000 and $110,000, respectively. If raw material purchases were $390,000, what was the cost of direct materials used? O $375,000 $390,000 O $405,000. O $360,000 Question 11 3 pts Maple Inc. applies overhead to production at a predetermined rate of 80% based on direct labor cost. Job No. 550, the only job still in process at the end of October, has been charged with manufacturing overhead of $4,000. What was the amount of direct materials charged to Job 550 assuming the balance in Work in Process inventory is $14,000? O $3,200 O $6,000 O $5,000 O Cannot be determined