As consultants, we are hired to help the company track and report costs. The following Tableau Dashboard is provided to assist us in our analysis.

INVENTORIES

Raw Materials, November 30: $10,000

Raw Materials, December 31: $12,000

Work in process, November 30: $15,000

Work in process, December 31: $20,000

Finished goods, November 30: $7,500

Finished goods, December 31: $10,000

FACTORY OVERHEAD

Total Overhead: $42,000

Indirect materials: $5000

Indirect labor: $7000

Other overhead costs: $30,000

SALES, MATERIALS, AND PAYROLL FOR DECEMBER

Factory Payroll (paid with cash): $57,000

Raw materials purchases (paid with cash): $40,000

Sales (received in cash): $200,000

PREDETERMINED OVERHEAD RATE

Predetermined overhead rate based on direct labor cost: 70%

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 underapplied or overapplied overhead)