DE20-10 Touch Enterprises produces LCD touch screen products. The company reports the following information at December 31, 20X4. Touch began operations on January 30, 20X4. WORK IN PROCESS MANUFACTURING MANUFACTURING FINISHED GOODS INVENTORY WAGES OVERHEAD INVENTORY MATERIALS INVENTORY 40,000 136,000 70,000 70,000 4,000 48,000 136,000 122,000 52,000 44,000 60,000 10,000 48.000 37,000 1. What is the cost of direct materials used? The cost of indirect materials used? 2. What is the cost of direct labor? The cost of indirect labor? 3. What is the cost of goods manufactured? 4. What is cost of goods sold (before adjusting for any under- or overallocated manufactur- ing overhead)?