Using the following data, compute

(1) The cost of goods manufactured and

(2) The cost of goods sold for both Canyon Company and Rossings Company.

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Canyon Company Rossings Company $18,450 Beginning finished goods inventory $14,000 Beginning goods in process inventory Beginning raw materials inventory. Rental cost on factory equipment Direct labor....... 16,500 21,950 9,250 I1,000 29,000 24,750 21,000 37,000 Ending finished goods inventory Ending goods in process inventory Ending raw materials inventory Factory utilities .... 19,650 15,300 24,000 18,000 7,300 9,200 11,000 14,000 Factory supplies used 10,200 5,200 General and administrative expenses 23,000 45,000 Indirect labor..... Repairs-Factory equipment Raw materials purchases . 3,250 9,660 6,780 3,500 35,000 54,000 Sales salaries 52,000 48,000