inventory from Raw Materials to Cost of Goods Sold ResourcesHelp ot Cut | Copy | Paste A production supervisor for Linkoln Company is comparing his budget to actuals for inventory components in May. He has asked you to prepare two docum derive the individual components of total manufacturing costs. The second is a one-page analysis document which will highlight specific sensitivities and rel Using the information included within the Resources tab, complete the table below for the month ended May, Year 6. . For Questions 1-3, calculate the required costs identified in column A, and enter your associated response rounded to whole numbers in column B. It .For Questions 4-8, use the drop-down menu below and enter your response in column B. Cost Item Amount 2 1. Raw materials used 3 2. Direct labor 4 3. Overhead applied Situation Answer 4. Relative to raw materials used, raw materials purchased are: 5. Relative to cost of goods sold, cost of goods manufactured is: 6. If labor hours budgeted were 21,000 hours, cost of goods sold would be: 7. If actual labor hours were 20,200, manufacturing costs would be: 8. If ending finished goods inventory totaled 68,450, the impact on cost of goods manufactured would be