Rockeagle corporation began fiscal year 2018 with the following balances in its inventory accounts:

raw materials $30,000
work in process 45,000
finished goods 14,000

during the accounting period, rockeagle purchased $125,000 of raw materials and issued $124,000 of materials to the production department. direct labor costs for the period amounted to $162,000, and manufacturing overhead of $24,000 was applied to work in process inventory. assume that there was no over- or underapplied overhead. goods costing $306,000 to produce were completed and transferred to finished goods inventory. goods costing $301,000 were sold for $400,000 during the period. selling and administrative expenses amounted to $36,000.

required

determine the ending balance of each of the three inventory accounts that would appear on the year-end balance sheet.
prepare a schedule of cost of goods manufactured and sold and an income statement.
prepare a schedule of cost of goods manufactured and sold.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.