$21,000 $10,000 $15,000 $12,000 Inventories Raw Materials Work in Process Finished Goods 12,000 $9,000 10,000 15,000 20,000 $6,000 $3,000 7,500 10,000 50 November 30 December 31 November 30 December 31 November 30 December 31 Factory Overhead for December Sales, Materials, and Payroll for December Indirect materials Indirect labor 5,000 7,000 40,000 paid in cash Raw materials Factory payroll purchases 57,000 Paid cash Total Overhead $42,000 Other Overhead 30,000 Other overhead costs Predetermined Overhead Rate Fredetermined overhead rate based on direct labor cost 70% Sales 200,000 paid in cash 1. Did finished goods Inventory Increase or decrease, and by what amount, from November 30 to December 31? 2. Did raw materials Inventory Increase or decrease, and by what amount, from November 30 to December 31? 3. Compute cost of direct materials used. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 1. Did finished goods inventory increase or decrease, and by what amount, from November 30 to December 31? 2. Did raw materials inventory increase or decrease, and by what amount, from November 30 to December 31? 1. Finished goods inventory 2. Raw materials inventory Increased by S 2,500 Increased by S 2,000 1. Did finished goods Inventory Increase or decrease, and by what amount, from November 30 to December 31? 2. Did raw materials Inventory Increase or decrease, and by what amount, from November 30 to December 31? 3. Compute cost of direct materials used. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 Compute cost of direct materials used. Cost of direct materials used $ 40,000 < Req 1 and 2 Req3 >>