7. The following is the information of Oman Sweet Company is given below: 2020 Jan. 1, 2020 $42,000 27,000 Dec. 31, 2020 $60,000 17,200 Raw materials inventory Work in process inventory Materials purchased Direct labor Manufacturing overhead $300,000 400,000 360,000 Required. 7. The following is the information of Oman Sweet Company is given below: 2020 Jan. 1, 2020 $42,000 27,000 Dec. 31, 2020 $60,000 17,200 Raw materials inventory Work in process inventory Materials purchased Direct labor Manufacturing overhead $300,000 400,000 360,000 Required