Ghajar Company, a manufacturing firm, has supplied the following information from its accounting records for the last year:

Direct labor cost $125,600

Purchases of raw materials 70,000

Supplies used in factory 2,050

Factory insurance 3,000

Commissions paid 20,000

Factory supervision and indirect labor 62,700

Advertising 17,992

Material handling in factory 20,300

Work in process inventory, January 1 125,000

Work in process inventory, December 31 145,000

Materials inventory, January 1 34,000

Materials inventory, December 31 21,000

Finished goods inventory, January 1 56,000

Finished goods inventory, December 31 37,000

Question 1 (2 points)

Question 1 options:

Direct Materials Used = $

Question 2 (2 points)

Question 2 options:

Direct Labor Used = $

Question 3 (2 points)

Question 3 options:

Manufacturing Overhead = $

Question 4 (2 points)

Question 4 options:

Cost of Goods Manufactured = $

Question 5 (2 points)

Question 5 options:

Cost of Goods Sold = $