Exercise 18-7 Balance sheet identification and preparation L.O. C4 [The following information applies to the questions displayed below.] Current assets for two different companies at calendar year-end 2011 are listed here. One is a manufacturer, Roller Blades Mfg., and the other, Sunny Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $ 11,000 $ 9,000 Raw materials inventory — 35,750 Merchandise inventory 38,750 — Goods in process inventory — 26,000 Finished goods inventory — 46,000 Accounts receivable, net 55,000 66,000 Prepaid expenses 4,500 900 references 1. value: 1.00 points Exercise 18-7 Part 1.1 (1.1) Identify which set of numbers relates to the manufacturer. Company 1 Company 2 check my workeBook LinkView Hint #1references 2. value: 1.00 points Exercise 18-7 Part 1.2 (1.2) Identify which set of numbers relates to the merchandiser. Company 1 Company 2 check my workeBook LinkView Hint #1references 3. value: 2.00 points Exercise 18-7 Part 2 (2) Prepare the current asset section for each company from this information. (Be sure to list the current assets in order of liquidity. Omit the "$" sign in your response.) Company 1 Sunny Foods Current Asset Section December 31, 2011 $ Total current assets $ Company 2 Roller Blades Mfg. Current Asset Section December 31, 2011 $ Total current assets 4. value: 2.00 points Exercise 18-8 Cost of goods sold computation L.O. P1 Century Merchandising New Homes Manufacturing Beginning inventory Merchandise $ 331,000 Finished goods $ 662,000 Cost of purchases 450,000 Cost of goods manufactured 830,000 Ending inventory Merchandise 231,000 Finished goods 225,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2011. (Omit the "$" sign in your response.) Cost of goods sold Century Merchandising $ New Homes Manufacturing $ check my workeBook LinkView Hint #1references Exercise 18-9 Cost of goods manufactured and cost of goods sold computation L.O. P1, P2 [The following information applies to the questions displayed below.] Using the following data, Canyon Company Rossings Company Beginning finished goods inventory $ 18,000 $ 17,500 Beginning goods in process inventory 15,000 20,000 Beginning raw materials inventory 12,000 13,000 Rental cost on factory equipment 26,000 30,000 Direct labor 22,000 43,000 Ending finished goods inventory 19,500 11,500 Ending goods in process inventory 21,000 22,000 Ending raw materials inventory 11,800 17,900 Factory utilities 15,000 18,000 Factory supplies used 9,800 9,500 General and administrative expenses 19,000 43,000 Indirect labor 3,250 9,660 Repairs—Factory equipment ...