Liu Ltd. provided the following information for the month of June: 1. Direct material purchases were $5,600. 2. Direct costs of production were $8,500. 3. Indirect costs of production were $9,500. 4. Selling and administrative costs were $12,100. 5. Beginning and ending inventories were: June 1 June 31 Raw Materials Inventory $ 1500 $ 1900 Work In Process Inventory $ 960 $ 1120 Finished Goods Inventory $ 1100 $1,359 **Hints - be clear you understand the difference between direct and indirect costs of production. Be clear on the difference between materials PURCHASED and materials USED. ALSO - start this question by creating your t-accounts. a) What was the total manufacturing cost (product cost) incurred in June? $ b) What was the cost of direct materials used in production in June? $ c) What was the direct labour cost in June? $ d) What was the total manufacturing overhead costs in June? e) What was the variable manufacturing overhead cost in June? $ f) What was the fixed manufacturing overhead cost in June? $ g) What was the cost of goods manufactured in June? $ h) What was the cost of goods sold in June? $ i) What were the prime costs in June? $ i) What were the conversion costs in June? $ k) What were the period costs in June? $ 1) If the sales revenue in June was $950, what was XYZ's operating income before taxes? $