As consultants, we are hired to help the company track and report costs.

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 for December

Indirect materials: $5,000

Indirect labor: $7,000

Other overhead costs: $30,000

Sales, materials and payroll for December

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

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

Sales (received in cash): $200,000

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 any underapplied or overapplied overhead.)