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XYZ Manufacturing had the following data for the period just ended: Work in process, Jan 1 $22,000 Work in process, Dec. 31 39,000 Finished goods,

XYZ Manufacturing had the following data for the period just ended:

Work in process, Jan 1 $22,000

Work in process, Dec. 31 39,000

Finished goods, Jan. 1 72,000

Finished goods, Dec 31 62,000

Direct materials used 124,000

Direct labor 250,000

Factory depreciation 79,000

Sales 940,00

Advertising 50,000

Factory utilities 25,000

Indirect materials 20,000

Indirect labor 36,000

Required: A. Calculate XYZ cost of goods sold. B. Calculate XYZ cost of goods manufactured.

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