For the month of December 2019, account balances of Acme Company are as follows: Beginning Finished Goods Inventory Ending Finished Goods Inventory Sales Plant Supplies Plant Rent Supervisory Salaries Plant Heating Expenses Amortization (Machinery) Beginning Work-In-Process Inventory Ending Work-in-Process Inventory Sales Manager Salaries Sales Commissions Beginning Direct Materials Inventory Ending Direct Materials Inventory Office Manager Salaries Office Stationary Direct labor Direct Materials Purchased $ 29,000 $ 41,000 $ 398,000 $ 4,800 $ 13,500 $ 47,000 $ 12,000 $ 11,600 $ 14,000 $ 12,500 $ 58,000 $ 23,000 $ 9,500 $ 15,500 $ 27,500 $ 4,200 $ 82,000 $ 26,500 Answer all the questions which follow using the above information. Question 1 (1 point) Calculate the Direct Materials Used. A/ Question 2 (1 point) Calculate the prime cost. Question 3 (2 points) Calculate the manufacturing overhead, estion 2 (1 point) Calculate the prime cost. estion 3 (2 points) Calculate the manufacturing overhead. estion 4 (1 point) Calculate the conversion cost. AJ uestion 5 (1 point) Calculate the cost of Goods Manufactured. , Question 6 (1 point) Calculate the Cost of Goods Sold. Question 7 (1 point) AY Calculate the Operating Income. Page 1 of 14 Next Page