Exercise 1: The balances in the perpetual inventory accounts of Dahl Manufacturing Corporation at the beginning and end of the current year are as follows: Inventories OB EB DM 51,0 21,0 WIP FG 5,0 11,0 40,0 53,0 The total dollar amounts debited and credited during the year to the accounts used in recording manufacturing activities are as follows: Activity DM db. 465,0 cr DL pay 197,0 202,0 MOH 454,5 454,5 WIP FG Instructions: a) Using these data, state, or compute for the year the following amounts: 1. Direct materials purchased. 2. Direct materials used. 3. Payments of direct labor payrolls. 4. Direct labor cost assigned to production. 5. Total manufacturing costs charged to the Work in Process Inventory account during the year. 6. The cost of finished goods manufactured. 7. Cost of goods sold. 8. The total amount to be classified as inventory in the year-end balance sheet. b) Prepare a schedule of the cost of finished goods manufactured