need requirment 2

Question 1 The information below relates to Derby Manufacturing Company's operations for a recent month. (Assume that all raw materials are direct materials.): Purchases of raw materials Direct labor cost Selling costs (total) Administrative costs (total) Manufacturing applied overhead (total) Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending Overapplied overhead *************** $91,000 $122,000 $42,000 $56,000 $340,000 $22,000 $27,000 $42,000 $7,000 $35,000 $15,000 $2,000 Required: 1. Calculate Derby's cost of goods manufactured for the month. 2. Calculate Derby's cost of goods sold for the month