Boardman Company reported the following data for the month of January Inventories Raw materia 1/31 $32,000 $31,000 Work in process $18,000 $12,000 Finished goods $30,000 $35,000 Additional information: Sales revenue Direct labor costs 40,000 Manufacturing overhead costs 70,000 Selling expenses 25,000 Administrative expenses 35,000 7. If raw materials costing $35,000 were purchased during January, the total manufacturing costs for the month would be: A) $145,000. B) $144,000. $151,000. D) $146,000. Calculation: 8. Assume that cost of goods sold for January was si24,000.The net income for January would be: A) $61,000. B) $26,000. C) $51,000. D) $25,000. Calculation: 9. Boardman Company's total conversion cost for January would be. A) $110,000. B) $170,000. C) $135,000. D) $130,000. Calculation