Question 8 (3.5 points)Towson Manufacturing had a Work
Question 8 (3.5 points)<br/><br/><br/>Towson Manufacturing had a Work
in Process balance of $130,000 on January 1, 2018. The year end balance of Work in Process was $72,000 and the Cost of Goods Manufactured was $900,000. Determine the total manufacturing costs incurred during the fiscal year 2018. (Round enter as whole dollars only.)
Question 9 (3.5 points)
During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $16,000 & ending finished goods inventory of $24,500. Beginning work-in-process was $12,000 and ending work-in-process was 20,500. Factory overhead was $22,500. The total manufacturing costs amounted to $286,000. Determine the FY 2018 Cost of Goods Sold. (Round enter as whole dollars only.)
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