Direct materials inventory, December 1, 2020	$75
Direct materials purchased	350
Direct materials used	355
Total manufacturing overhead costs	480
Variable manufacturing overhead costs	250
Total manufacturing costs incurred during December 2020	1,620
Work-in-process inventory, December 1, 2020	205
Cost of goods manufactured	1,670
Finished goods inventory, December 1, 2020	125
Cost of goods sold	1,730

Requirement 1. Calculate the cost of direct materials inventory, December 31, 2020. Direct materials inventory 12/31/2020 Requirement 2. Calculate the fixed manufacturing overhead costs for December 2020. The fixed manufacturing overhead costs for December 2020 are Requirement 3. Calculate the direct manufacturing labor costs for December 2020. Less: Direct manufacturing labor costs for December Requirement 4. Calculate the cost of work-in-process inventory, December 31, 2020. Requirement 4. Calculate the cost of work-in-process inventory, December 31, 2020. Work-in-process inventory 12/31/2020 Requirement 5. Calculate the cost of finished goods available for sale in December 2020. Finished goods available for sale in December Requirement 6. Calculate the cost of finished goods inventory, December 31, 2020. Finished goods inventory 12/31/2020