Question 29 Problem 5-1 The following information relates to the Bell Tower Company: Sales 18,000 4,000 13,000 5,000 3,000 Ending Finished Goods Cost of Goods Sold Gross Margin Operating Income Direct Materials Used Direct Labor Manufacturing Overhead Beginning Work in Process Finished Work in Process 2,000 4,000 3,000 5.000 2,000 The beginning finished goods is $4,000. O True False Problem 5-2 The following information relates to the Bell Tower Company: 18,000 4,000 13,000 Sales Ending Finished Goods Cost of Goods Sold Gross Margin Operating Income Direct Materials Used 5,000 3,000 2,000 Direct Labor 4,000 3,000 Manufacturing Overhead Beginning Work in Process Finished Work in Process 5,000 2,000 The cost of goods manufactured is $12,000. True O False