Billy Bob's Manufacturing had the following data for the fiscal year ended D Direct Materials Inventory, January 1 Direct materials purchases Direct materials used Fixed factory overhead Total factory overhead Total manufacturing costs Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Goods available for sale Cost of goods sold $ 32,700 381,500 376,050 523,200 610,400 1,179,230 45,780 49,050 36,000 1,166, 180 1,124,180 Required: Calculate the following costs: 1. Direct Materials Inventory on December 31. 2. Direct labor costs for the year. 3. Variable factory overhead costs for the year. 4. Cost of goods manufactured for the year. 5. Finished Goods Inventory on December 31. $ 38,150 192,780 $ 1. Direct Materials Inventory on December 31. 2. Direct labor costs for the year. 3. Variable factory overhead costs for the year. 4. Cost of goods manufactured for the year. 5. Finished Goods Inventory on December 31