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 or parentheses for numbers to be subtracted.) Direct materials inventory, August 1, 2022 $ 90 Direct materials purchased 360 Direct materials available for production 450 Direct materials used (375) 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 numbers to be subtracted.) Total manufacturing overhead costs $ 480 Variable manufacturing overhead costs (250) Fixed manufacturing overhead costs 230 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 millions. Use a minus sign or parentheses for numbers to be subtracted.) Total manufacturing costs incurred $ 1,600 Less: Direct materials used (375) Total manufacturing overhead costs (480) 745 Direct manufacturing labour costs for August Requirement 4. Calculate work-in-process inventory on August 31, 2022. Determine the formula and then calculate the work-in-process inventory value at August 31, 2022. (Work in millions. Use a minus sign or parentheses for numbers to be subtracted.) - X August 2022 data Work-in-process available for production Work-in-process inventory, August 1, 2022 $ 200 Work-in-process inventory, August 31, 2022 Direct materials inventory, August 1, 2022 90 Direct materials purchased 360 Direct materials used 375 Variable manufacturing overhead 250 Total manufacturing overhead 480 Total manufacturing costs incurred during August 2022 1,600 Cost of goods manufactured 1,650 Cost of goods sold 1.700 Finished goods inventory, August 1, 2022 200 Print Done