10. The following information has been provided for you $ Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Advertising President's Salary Sales 3,000 6.000 2.700 1.800 6.000 4.800 130,000 6.900 22,500 7,500 50,000 40.000 23.000 410.000 Calculate the following: 1. Cost of Direct Materials Used 9.000 2. Total Manufacturing Costs for the period 229,000 3. Cost of Goods Manufactured 129.200 4. Cost of Goods Sold 410.000 5. Net Income or Loss a2000