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(10 Points) 1. Legend Guitar's Direct Materials Inventory, January 1, 2016 Direct Materials Purchased Direct Materials Inventory, December 31, 2016 Direct Labor Factory Overhead Work

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(10 Points) 1. Legend Guitar's Direct Materials Inventory, January 1, 2016 Direct Materials Purchased Direct Materials Inventory, December 31, 2016 Direct Labor Factory Overhead Work in Process Inventory, January 1, 2016 Work in Process Inventory, December 31,2016 $20,000 60,000 30,000 10,000 5,000 40,000 10,000 a. Based on the information above Calculate Legend Guitar's Cost of Direct Materials Used in Production.$ b. Based on the information above Calculate Legend Guitar's Total Manufacturing Costs Incurred. $ c. Based on the information above Calculate Legend Guitar's Cost of Goods Manufactured.$

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