Two accounting questions in the following attachment.

Two accounting questions in the following attachment.

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The ObiWan Company reported the folowing data related to its manufacturing operations during year y1 to y2(ObiWan has a December 31st year end)
Jan 1, Y2
Jan 1, Y1
Raw Materials
7,300
5,500
Work in Process
25,700
23,400
Finished Goods
41,600
48,500
Cost Incurred:
Raw Material Purchased
83,000
Factory direct labor
153,000
Factor Suppliers
36,000
Factory depreciation
93,000
President’s Salary
103,000
Sales force salaries
56,000
Sales force expenses
5,200
Heat, Light and power
12,000
(75% applies to manufacturing)
Insurance
36,000
(60% applies to manufacturing)
Calculate:
a: The cost of materials requisitioned for production during the year(between y1 and y2)
b: The cost of the units that were completed and transferred to finished goods during the year
c: The cost of goods sold during the year

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2 The Chewbaca Company reported the folowing data related to its manufacturing operations between Year1 and Year2(Chewbaca has a December 31st Fiscal year end)
Jan 1, Y2
Jan 1, Y1
Raw Materials
10,200
3,800
Work in Process
22,600
18,500
Finished Goods
38,750
38,105
Cost Incurred:
Raw Material Purchased
88,700
Factory direct labor
178,960
Factor Suppliers
43,650
Factory depreciation
105,000
President’s Salary
110,000
Sales force salaries
88,000
Sales force expenses
8,700
Heat, Light and power
16,000
Factory Insurance
29,000
Calculate:
a: The cost of materials requisitioned for production during the year
b: The cost of the units that were completed and transferred to finished goods during the year
c: The cost of
goods sold during the year

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