22 If operating expenses are 18% of the total cost and expenses, how much was the applied factory overhead? * (2 Points) Lakers Products, Inc. summarized the following information for the year 2021: Direct materials used Direct labor cost Work in process inventory, beginning Work in process inventory, end P1,630,000 Finished Goods Inventory, beginning 1,480,000 Finished Goods Inventory, end 620,000 Total Cost of Goods Sold and Expenses 756,300 P 920,000 440,000 4,520,000 26 The company uses normal costing and applies overhead on the basis of direct labor costs. The total factory cost for the period is: * (2 Points) The following data are taken from the records of Trust Manufacturing Company for the quarter ended September 30, 2021: Materials Labor Overhead WIP, Beg 475,430 644,400 966,600 WIP. End 456,620 904,800 ? Jobs Completed 1,762,690 ? 2,678,640 27 What is the amount of cost of goods sold during the period? * (2 Points) Use the following information to answer questions below: Beginning raw materials inventory P 20,000 Beginning WIP inventory Beginning finished goods inventory 70,000 40,000 Ending raw materials inventory_ Ending WIP inventory 10,000 100,000 Ending finished goods inventory 50,000 Purchases 180,000 Direct labor 140,000 Total factory payroll 220,000 Total actual factory overhead 200,000 Indirect materials 35,000