1. the following information was taken from the accounting records of modern manufacturing company for year 1:

Dec.31 Jan. 1

(Ending) (beginning)

Inventory raw materials..............$45,000 $50,000

Inventory of goods in process...$22,000 $10,000

inventory of finished goods.......$74,000 $90,000

purchases of raw materials.......$255.000

direct labor .................................$150,000

factory overhead.........................$270,000

Compute the following for year 1:

A. Cost of raw materials used

B.total manufacturing cost

C.cost of finished goods manufactured

D.cost of goods sold

2.from the list of accounts listed below, determine the cost of goods sold for 2009

raw materials -1/1/09 $22,0000

-12/31/19 $11,0000

work in progress -1/1/09 20,0000

-12/31/09 25,0000

Finished goods -1/1/09 55,0000

-12/31/09 62,0000

salaries-direct manufacturing 100,000

-direct manufacturing 60,000

-selling 80,000

purchases 110,000

depreciation-factory assets 8,000

-selling department assets 4,000

utilities factory 4,200

-selling department 1,400