18) The following costs & inventory data were taken from the accounts of Gee Company for 2017: January 1, 2017 December 31, 2017 Inventories: Raw materials Work in process Finished goods $ 9,000 16,000 15,000 $ 6,000 14,000 10,000 Costs incurred during 2017: Raw materials purchases Direct labor Factory rent Factory utilities Indirect materials Indirect labor Selling & administrative expenses $87,000 40,000 8,400 10,100 4,300 8,700 16,000 Instructions a. Prepare a schedule showing the amount of direct materials used in production during the year. b. Compute the amount of manufacturing overhead incurred during the year. c. Prepare a schedule of Cost of Goods Manufactured for Gee Company for the year ended December 31, 2017 in good form (including the proper heading) d. Prepare the Cost of Goods Sold section of the Income Statement for Gee Company for the year ended December 31, 2017 in good form (including the proper heading)