using the following data compute 1 the cost of goods manufactured and 2 the cost of 640953

Using the following data, compute (1) the cost of goods manufactured and (2) the cost of goods sold for both Canyon Company and Rossings Company.

Canyon Company

Rossings Company

Beginning finished goods inventory

$14,000

$18,450

Beginning goods in process inventory

16,500

21,950

Beginning raw materials inventory

9,250

11,000

Rental cost on factory equipment

29,000

24,750

Direct labor

21,000

37,000

Ending finished goods inventory

19,650

15,300

Ending goods in process inventory

24,000

18,000

Ending raw materials inventory

7,300

9,200

Factory utilities

11,000

14,000

Factory supplies used

10,200

5,200

General and administrative expenses

23,000

45,000

Indirect labor

3,250

9,660

Repairs—Factory equipment

6,780

3,500

Raw materials purchases

35,000

54,000

Sales salaries

52,000

48,000