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Compute the dollar amount of the fy cost of goods sold

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Reference no: EM132601013

Question 1: During FY 2018 Bay Manufacturing had total manufacturing costs are $416,000. Their cost of goods manufactured for the year was $479,000. The January 1, 2019 balance of Work-in-Process Inventory is $43,000. Use this information to determine the dollar amount of the FY 2018 beginning Work-in-Process Inventory. (Round dollar values & enter as whole dollars only.)

Question 2: Frederick Company's January 1, 2018 finished goods inventory was $97,000. The January 1, 2019 finished goods inventory is $84,000. Cost of goods manufactured for the FY 2018 was $227,000. Use this information to determine the dollar amount of the FY 2018 cost of goods sold. (Round dollar values & enter as whole dollars only.)

Reference no: EM132601013

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