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Problem 9-7 (TAA) n Company reported the following information for the current year, Ending goods in process Depreciation on factory building 1,000,000 320,000 400,000 nning raw materials Direct labor ctory supervisor's salary 1,980,000 Fa 560,000 Dep 210,000 Beginning goods in process 760,000 Ending raw materials 340,000 Indirect labor 360,000 Purchases of raw materials 2,300,000 What is the cost of goods manufactured for the current year? a. 5,340,000 b. 5,580,000 c 5,550,000 d. 6,820,000 Problem 9-8 (AICPA Adapted) Kay Company provided the following information for the current year: Increase in raw materials inventory Decrease in goods in process inventory Decrease in finished goods inventory Raw materials purchased Direct labor payroll Factory overhead Freight out Freight in 150,000 200,000 350,000 4,300,000 2,000,000 3,000,000 450,000 250,000 What is the cost of goods sold for the current year? a. 9,950,000 b. 9,550,000 c. 9,250,000 d. 9,150,000 203