1. The flow of manufacturing costs through the ledger accounts of ISP Inc., in the current year is Illustrated below in summarized form Materials Inventory Bog, balance $ 10.000 260.000 7 Ending balance $ 15.000 Work In Process Inventory $ 20,000 Bog. balance $600.000 140,000 210,000 Ending balanco Direct Labor $139.000 $140,000 Ending balance $ 1.000 Finished Goods Inventory Bog. balance $ 45,000 - 008,000 Ending balance $ 50,000 Cost of Goods Sold Manufacturing Overhead $210.000 $210,000 Indicate the amounts below. Please show computations for each question (30 Points) a) Purchases of direct materials b) The cost of direct materials used c) Direct labor costs assigned d) The year-end liability for direct wages payable e) The overhead as a percentage (%) of direct labor costs f) Total monoufacturing costs charged to the Work In Process Inventory account during the current Year. 8) The cost of finished goods manufactured Activer Window Accdez aux paramtr h) The year-end balance in the Work in Process Inventory account 1) The cost of goods sold j) The total amount of Inventory listed in the year-end balance sheet (20 points) After calculating all of the above, please do the following journal entries k) Dec 3 Purchased materials on account D) Dec 15 Used direct materials m) Dec 29 Applied manufacturing overhead to all Jobs n) Dec 30 Completed and transfered Jobs to the finished goods warehouse 0) Dec 31 Sold Jobs on account for $700,000