1. On December 31, 2019, Petty Company's work in process inventory account had an ending balance of S20,000. During 2019, direct materials costing $40,000 were used. Estimated factory overhead cost in 2019 was double (2 times) the direct labor cost. Cost of goods manufactured was $270,000 in 2019. The beginning balance in Petty's work in process inventory account on January 1, 2019, was $10,000. Calculate Petty's factory overhead cost for 2019. 2. The following data is available: Beginning Work in Process (WIP) Inventory, S40,000, Direct Materials cost, $200,000; Direct Labor cost, $310,000; Factory Overhead cost, $30,000. Ending WIP Inventory is $20,000, and Cost of Goods Sold is $ 650,000. a) Calculate Cost of Goods Manufactured. b) If Ending Finished Goods Inventory is $60,000, Calculate Beginning Finished Goods Inventory. 3. Adler, Inc.'s accountant is trying to calculate ending raw materials inventory: Dec. 31, 2018 Dec 31, 2019 Raw materials inventory S 840,000 $ ????? During 2019, no additional materials purchases were made, and all materials used were direct materials. Adler's total manufacturing costs during 2019 (DM+DL+FO) were $1,220,000. DL cost was $600,000, and FO cost was $100,000. Calculate ending raw materials inventory on Dec. 31, 2019. 4. Use the following 2019 financial data: Cash flow from operating activities $34,000 Cash flow from investing activities ($12,000) (used) Cash flow from financing activities (58.000) (used) a) Calculate the increase (or decrease) in cash that occurred during 2019. b) If purchases of property, plant, and equipment during 2019 were $12,000, calculate Free Cash Flow