Chicago Industries Inc. had the following activities during the year: Direct materiale: Beginning inventory $34,000 Purchases...

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Chicago Industries Inc. had the following activities during the year: Direct materiale: Beginning inventory $34,000 Purchases 127,000 Ending inventory 39,000 Direct manufacturing labour 48,000 Manufacturing overhead 44,000 Ending work-in-process inventory 17,000 Beginning work-in-process inventory 4,000 I Ending finished goods inventory 39,000 Beginning finished goods inventory 54,000 1. What is Chicago's cost of direct materials used during the year? $126,000 a. b. $122,000 C. $130,000 d. $166,000 e. $162,000 2. What is Chicago's cost of goods manufactured during the year? a. $201,000 b. $197,000 C. $219,000 d. $211,000 e. $193,000 Chicago Industries Inc. had the following activities during the year: Direct materiale: Beginning inventory $34,000 Purchases 127,000 Ending inventory 39,000 Direct manufacturing labour 48,000 Manufacturing overhead 44,000 Ending work-in-process inventory 17,000 Beginning work-in-process inventory 4,000 I Ending finished goods inventory 39,000 Beginning finished goods inventory 54,000 1. What is Chicago's cost of direct materials used during the year? $126,000 a. b. $122,000 C. $130,000 d. $166,000 e. $162,000 2. What is Chicago's cost of goods manufactured during the year? a. $201,000 b. $197,000 C. $219,000 d. $211,000 e. $193,000