0 0 0 Horizon Inc. had the following activities during 2011: Direct materials: Beginning inventory$ 60,000 Purchases 155,000 Ending inventory 40,000 Direct manufacturing labor 35,000 Manufacturing overhead 20,000 Beginning work-in-process inventory 2,000 Ending work-in-process inventory 8,000 Beginning finished goods inventory 48,000 Ending finished goods inventory 32,000 Required: a. What is the cost of direct materials used during 2011? b. What is cost of goods manufactured for 2011? What is cost of goods sold for 2011? c