Given: Direct Labor Cost 6,000.00 OH Applied at 80% of DM cost Sales revenue 17500 Selling Exp 2900 (storage room) Raw Materials* 2000 8000 6400 (factory floor) WIP* 4000 (warehouse) FG* 6000 12000 8000 (temporary account) COGS*** (temporary account) MOH actual applied 5200 Inc Stmt Sales -COGS Gross Margin -Selling Exp. Net Income Required 1. What was the amount of direct materials (DM) issue to production? 2. What was the amount of manufacturing overhead (MOH) applied to production? 3. What was the cost of goods manufactured? 4. What was the ending balance of raw materials inventory, work in process (WIP) inventory and finished goods inventory? 5. Did we over or under apply overhead? By how much? 6. What was the net income