24) The following costs & inventory data were taken from the accounts of Gee Company for 2018: Inventories: January 1, 2018 December 31, 2018 Raw materials $ 9,000 $ 6,000 Work in process 16,000 14.000 Finished goods 15,000 10,000 Costs incurred: Raw materials purchases Direct labor Factory rent Factory utilities Indirect materials Indirect labor Selling/administrative expenses S88,000 40,000 8,400 10.600 4,300 9,700 17,000 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, 2018 with the proper heading. d. Prepare the Cost of Goods Sold section of the Income Statement for Gee Company for the year ended December 31, 2018 with the proper heading. Extra-Credit: On the syllabus calendar, it is noted that the Dalai Lama's birthday is July 6, How old did the Dalai Lama become on July 6, 2019