15 pts Pavlik's Puppets manufactures a single product and calculates and applies overhead to its work in process accounts in actual amounts. The following information is available for the periodist ended: Raw materials on 1/1: $3,000 Work in process on 1/1: $9.000, on 12/31: $25,000 Finished goods on 1/1: $8,000, on 12/31: $5,000 Also known: Purchases of raw $55,000 materials Direct materials $33,000 issued Prime costs $60,000 Indirect materials $10,500 issued Indirect labor $10,500 Factory insurance $1,800 $6,000 (1/3 is production, Utilities 2/3 to administrative offices) Depreciation $5,000 (1/2 relates to production, 1/2 to administrative offices) Administrative salaries $12,000 administrative offices) Administrative $12,000 salaries Sales commissions $6,000 Warranty costs $1,000 Sales $105,000 Using the information for Pavlik's Puppets given above, answer the following questions: 1. What is the ending balance of Raw Materials? 2. What amount will be charged for direct labor? 3. What is Cost of Goods Manufactured? 4. What is Cost of Good Sold? 5. What was operating income