Question 9 (5 points) The accounting records of Brownwood company revealed the following information: Work-in-jprocess inventory, Jan.1 $32,000 Work-in-jprocess inventory, Dec.31 $20,000 Finished-goods inventory, Jan.1 $407,000 Finished-goods inventory, Dec.31 $235,000 Cost of goods manufactured $686,000 What is Brownwood's cost of goods sold? Your Answer: Answer Question 10 (5 points) Job 196 was charged $45,000 for direct materials and $26,000 for direct labor. The total charges to the job-cost record for Job 196 were $109,000. What was the manufacturing overhead application rate as a percentage of direct-labor dollars? (keep two decimals) Your Answer: Answer Question 11 (5 points) Swanson and Associates presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Swanson made 6,950 copies and paid a total of $290 in March; in May, the firm paid $110 for 3,350 copies. The company uses the high-low method to analyze costs. Swanson's variable cost per copy is (rounded to 2 decimal places): Your