ES Qu. 101 The following information is available for... The following information is available for the LBB Company for the year 2018: 12/31 1/1 Raw materials inventory Work in process inventory Finished goods inventory $70 $751 $80 $60 nces $375 $2,585 33 $500 $1,000 Direct materials used Net sales Direct labor Manufacturing overhead General & administrative expenses Selling expenses Income tax paid $300 $300 $100 Required 141 Required (1) What are total manufacturing costs charged to work in process? (2) What are costs of finished goods manufactured? (3) What is the cost of goods sold? (4) What is gross profit? (5) What is operating income