Exercise 8 Given the following information for Kwant Co, answer questions a-e. Beginning finished goods inventory 350 Beginning goods in process inventory 105 Beginning raw materials 70 Depreciation on factory equipment 140 Direct labor 490 Ending finished goods inventory 280 Ending goods in process inventory 140 Ending raw materials 35 Factory Supervisor's salary 210 Indirect labor 70 Raw material purchases 105 Rent on office 140 Rent on factory 245 a) Direct materials used equals: X