Anyplace Golden Supplies RL vc login Cengage Learning GlobMan Macroecon > globus Mindy Cangan Book Printem Cost of Direct Materials, Cost of Goods Manufactured, cost of Goods Sold intrix Company manufactures fishing rods. At the beginning of July, the following information was supplied by its accountant Raw materials inventory Workn-process inventory Finished goods inventory $120,000 63,000 69,600 During July, the direct labour cost was $130,500, raw materials purchases were $192,000, and the total overhead cost was $126.250. The inventories at the end of July were: Raw materials inventory Work in process inventory Finished goods inventory $59.400 97,500 06,300 Required: 1. What is the cost of the direct matonals used in production during July 2. What is the cost of goods manufactured for July? 3. What is the cost of goods sold for July how 1.Setup Taccount for direct materials inventory account for month of July 20 Taccount for work in process account inventory account for month of July Add materiale used Ada directabour and oves to wurk in process 1.80 up account for finished goods inventory account Add cost of goods manufactured (tebil from work in process credo