E Question 4 Not yet answered CONESTOGA Marked out of 400 Pag question AME ENGAGE Take me to the text English (en) Good Slings Inc. manufactures several wood and string instruments. In particular, it is well-known for its production of classic violins, Assume that Good Slings uses a periodic inventory system and a physical count of inventory takes place at year end. The company accumulated the following costs and account balances for the year ended December 31, 2019 with respect to direct materials: Balance of materials on January 1, 2019 $163,000 Balance of materials on December 31, 2019 $151,000 Materials purchases during 2019 $748,000 In addition, the following table shows Good Slings remaining costs for the year Indirect materials $67.000 Direct labor $323,000 Indirect labor $166,000 Utilities, factory $65,000 Utilities, office $17,000 Insurance, factory $15,000 Advertising $28,000 Do not enter dollar signs or commas in the input boxes a) Calculate the cost of direct materials used in production for the year Materials used in production: S Quiz n