The following data should be used for questions 69: Raw materials inventory January 1 Raw materials inventory December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Selling and administrative expenses Achievement Test 1 $ 12,000 16,000 5,000 8,000 17,000 12,000 118,000 165,000 64000 12,000 18,000 220,000 6. How much is the cost of the direct materials used? a. $118,000 b. $114,000 c. $122,000 d. $130,000 7 _ Assume your answer to question 6 above is $130,000 manufacturing costs? a. $389,000 b. $393,000 c. $295,000 d. $609,000 How much are total 8_ Assume your answer to question 7 above is $400,000 How much is cost of goods manufactured? a. $400,000 b. $389,000 c. $397,000 d. $403,000 9. Assume your answer to question 8 above is $420,000 How much is cost of goods sold? $420,000 $408,000 $295,000 $425,000