South State Street Company used $71,000 of direct materials and incurred $37,000 of direct

Labor costs during 2019. Indirect labor amounted to $2,700 while indirect materials totaled

$1,600. Other operating costs pertaining to the factory included utilities of $3,100, equipment

maintenance of $4,500, machining supplies of $1,800, depreciation of $7,900, and property

taxes of $2,600. Both beginning and ending Raw Materials inventory were zero. Beginning

finished goods inventory was $80,000 and ending finished goods inventory was $62,000.

Work-in-process inventory began the year with a $5,500 balance and ended the year with

A $7,500 balance.

Question 1: During 2019 what was the final Cost of Goods Manufactured balance? (6 pts)

(a) $129,500

(b) $202,000

(c) $131.500

(d) $108,000

(e) $122,000

(f)

$127.500

Question 2: During 2019 what was the total Cost of Goods Sold balance? (6 pts)

(a) $140,000

(b) $145,500

(c) $109,500

(d) $147,500

(e) $151,500

(f)

$153,000