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QUESTION
2) Frazer Inc. had the following activities in the year: Direct materials Beginning inventory Purchases $100,000 Ending inventory 308,000 Direct
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2) Frazer Inc. had the following activities in the year:Direct materialsBeginning inventoryPurchases$100,000Ending inventory308,000Direct manufacturing labour52,0Manufacturing overhead80,000Ending work in process inventory60,000Beginning work in process inventory20,000Ending finished goods inventory4,000Beginning finished goods inventory80,000120.000a) What is Frazer's cost of goods manufactured?b) What is Frazer's cost of goods sold?hp