Calculate the following: 1.) Raw Materials Inventory at Dec. 31, 2016 2.)… 1 answer below »

Calculate the following: 1.) Raw Materials Inventory at Dec. 31, 2016 2.) Total Manufacturing costs added to Work in Process Inventory during 2016 3.) Cost of Goods Manufactured during 2016 4.) Total Inventories recorded as of Dec. 31, 2016 5.) Assume Cost of Goods Manufacture is $500,000. What is Cost of Goods Sold for 2016. (2) A small company that produces a single product has the following cost structure: Number of units produced is 6,000 Direct Materials is $2.00 per unit Direct Labor is $4.00 per unit Variable Manufacturing overhead is $

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