Cost and sales information for the most recent fiscal year are shown below: WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending $98,000 18,000 25,000 Depreciation, factory 46,800 Insurance, factory 5,000 Direct labor 68,000 Maintenance, factory 30,000 Administrative expense 73,200 Sales 530,000 Utilities, factory 27,000 Supplies, factory 1,000 Selling expense 83.200 Advertising expense 23,200 Indirect labor, factory 65,000 Work in process inventory, beginning 7,000 Work in process inventory, ending 30,000 10.000 40.000 Finished goods inventory, beginning Finished goods inventory, ending 2 1. Calculate the direct materials used in production? Choose.... 2. What is the direct labor costs used in Choose... production? $174,800 3. What is the total manufacturing costs used $248,000 in production? $159,000 4. What is the total manufacturing costs $340,800 incurred this year? 5. What is the cost of goods manufactured? $91,000 $310,800 $68,000 $333,800 Cost and sales information for the most recent fiscal year are shown below: WALLACE RIVER COMPANY Cost and Sales Information For the Year Ended December 31 Purchases of raw materials Raw materials inventory, beginning Raw materials inventory, ending $90,500 10,500 17,500 Depreciation, factory 42.300 Insurance, factory 5,000 Direct labor 60,500 Maintenance, factory 30,000 Administrative expense 70,200 Sales 455,000 Utilities, factory 27,000 Supplies, factory 1,000 Selling expense 80.200 Advertising expense 20,200 Indirect labor, factory 65,000 Work in process inventory, beginning 7,000 30.000 B Work in process inventory, ending Work in process inventory, beginning Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending www 7,000 30,000 10,000 40,000 Assume that the cost of goods manufactured is $291,300. 1. What is the total cost of goods sold? Choose 2. What is the total selling and administrative Choose expenses? $193,700 3. What is the operating income of the $261,300 company? $150,400 $321,300 $23,100 $170,600 e 5291 300