Hofstra Plastics Inc.'s selected data for the month of August 2022 are shown in the provided table (in millions). (Click the icon to view the data.) Required Requirement 1. Calculate direct materials inventory on August 31, 2022. Determine the formula and then calculate the direct materials inventory value at August 31, 2022. (Work in millions. Use a minus sign of Direct materials inventory, August 1, 2022 S August 2022 data Direct materials purchased Direct materials available for production Direct materials used 90 360 450 (375) 75 Direct materials Inventory, August 31, 2022 Requirement 2. Calculate fixed manufacturing overhead costs for August. (Work in millions. Use a minus sign or parentheses for numb Total manufacturing overhead costs Variable manufacturing overhead costs 480 (250) 230 Direct materials purchased Direct materials used Fixed manufacturing overhead costs - X Work-in-process inventory, August 1, 2022 $ 200 Direct materials inventory, August 1, 2022 90 360 375 Variable manufacturing overhead 250 Total manufacturing overhead 480 Total manufacturing costs incurred during August 2022 Cost of goods manufactured 1,600 1,650 1,700 Finished goods inventory, August 1, 2022 200 Requirement 3. Calculate direct manufacturing labour costs for August. Choose the labels used to calculate direct manufacturing labour cost and then calculate the costs for the month of August. (Work in mill Cost of goods sold Less: Direct manufacturing labour costs for August Print Done