Choice Plastics'Choice Plastics' selected data for October 2013 are presented here (in millions): Data Table

Direct materials inventory, 10/1/2013	$75
Direct materials purchased	375
Direct materials used	395
Total manufacturing overhead costs	475
Variable manufacturing overhead costs	280
Total manufacturing costs incurred during October 2013	1560
Work-in-process inventory, 10/1/2013	215
Finished goods inventory, 10/1/2013	135
Cost of goods manufactured	1670
Cost of goods sold	1780

Requirements: Calculate the following costs

1. List/Determine the formula for Direct Material Inventory and calculate the direct Materials Inventory 10/31/2013 2. Fixed manufacturing overhead cost for Oct 2013. 3. Choose the labels used to calculate direct manufacturing labor cost and calculate Direct manufacturing labor cost for Oct 2013 4. Determine the formula and labels used to calculate WIP and calculate Work in process inventory for 10/31/2013 5. Choose the labels used to calculate Cost of finished goods available for sale and calculate Cost of finished goods availabe for sale in Oct 2013 6. Choose the labels used to calculate Finished goods inventory for October and calculate it.