Billy Bobs Manufacturing had the following data for the fiscal year ended December 31.

Direct Materials Inventory, January 1	$ 32,100
Direct materials purchases	374,500
Direct materials used	369,150
Fixed factory overhead	513,600
Total factory overhead	599,200
Total manufacturing costs	1,158,290
Work-in-Process Inventory, January 1	44,940
Work-in-Process Inventory, December 31	48,150
Finished Goods Inventory, January 1	61,200
Goods available for sale	1,146,140
Cost of goods sold	1,106,140

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.