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The data in Table 1 are taken from the accounting records of Netflix France: TABLE 1 Materials Inventory Work in Process Inventory Finished Goods Inventory

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The data in Table 1 are taken from the accounting records of Netflix France: TABLE 1 Materials Inventory Work in Process Inventory Finished Goods Inventory End of Year 1 28,000 24.000 34,000 Start of Year 1 25,000 22,000 32,000 Manufacturing Costs During Year 1: Direct Materials Used 20.000 Direct Labor Costs Charged to Production 16,000 Manufacturing Overhead 38,000 Total Manufacturing Costs charged to production 74.000 Compute the following amounts (a) The cost of finished goods manufactured during Year 1 (in ) (b) The cost of goods sold during Year 1 (in ) SHOW YOUR CALCULATIONS Don't forget to answer both question (a) and (b)! B 7 XX 2 EEST. Text 22 H T. 2 S

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