$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. Compute cost of direct labor used. 2. Compute cost of direct materials used. 3. Compute cost of goods manufactured. 4. Compute cost of goods sold. (Do not consider any underapplied or overapplied overhead.) 1. Cost of direct labor used 2. Cost of direct materials used 3. Cost of goods manufactured 4. Cost of goods sold