12. Mannheim, Inc. applies factory overhead (FO) cost to production at a predetermined factory overhead rate of 68% based on direct labor cost. Job No. 250, the only job still in process at the end of May, has factory overhead cost of $10,200. Calculate the amount of direct materials (DM) cost in Job 250 assuming the balance in Work in Process inventory at the end of May is $32,000. 13. During an accounting period, a company sells goods for $125,000. The company recorded $40,000 of selling and administrative (period) costs on its income statement as well as a net loss of $15,000. Calculate the reduction in the company's finished goods inventory account that occurred during this accounting period. 14. The balance in the finished goods inventory account was $35,000 at the beginning of the year. Net Income reported on the income statement for the year was $105,000. If there are no other adjustments to net income, and the cash flow from operating activities on the statement of cash flows is $130,000, calculate the ending balance in finished goods inventory. 15. Kweilin Corporation uses a Job Order Cost Accounting System. It has an ending balance in its Work in Process Inventory" account of $250,000, and one partially completed Job (#12) in production Direct Materials cost assigned to Job #12 is $80,000, Direct Labor cost is $12 per Direct Labor hour, and Factory Overhead cost applied to Job #12 is $20,000. Calculate Kweilin's Predetermined Factory Overhead Rate using an activity base of Direct Labor hours