Exercise $4$

Given the following information for January about XYZ company

Direct material inventory $1/1/2011105$

Direct materials purchased $365$

Direct materials used $385$

Total manufacturing overhead costs $450$

Variable manufacturing overhead costs $265$

Total manufacturing costs incurred $1,610$

Work in process inventory $\frac{1}{1}\frac{?}{2011},230$

Cost of goods manufactured $1,660$

Finished goods inventory $1/1/2011,130$

Cost of goods sold $1,760$

:Required

Calculate the following

$.$Direct material inventory $\mathrm{.}1$

$.$Fixed manufacturing overhead costs $2$

$.$Direct manufacturing labor costs $\mathrm{.}3$

$.$Work in process inventory $4$

$.$Cost of finished goods available for sale $\mathrm{.}5$

$.$Finished goods inventory $.6$