Lucy Corporation had the following information available for 2020: Beginning Ending Balance Balance $5,700 $6,200 Raw Materials Inventory Work in Process Finished Goods 24,900 31,400 48,900 42,700 Additional information for 2020: Raw Material $84,000 Purchases Factoy Insurance 13,200 Direct Labor 128,000 Factory Depreciation 38,900 Advertising Expenses 24,700 Factory Utilities 18,300 Indirect Materials 11,400 Used Marketing Manager's 94,000 Salary Office Utilities 1146 Additional information for 2020: Raw Material Purchases $84,000 Factory Insurance 13,200 Direct Labor 128,000 Factory Depreciation 38,900 Advertising Expenses 24,700 Factory Utilities 18,300 Indirect Materials 11,400 Used Marketing Manager's Salary 94,000 14,600 21,200 Office Utilities Expense Factory Repairs Sales Revenue Factory Property Taxes 600,000 16,300 Total Factory Labor Costs 185.000 Sales Revenue 600,000 16,300 Factory Property Taxes Total Factory Labor Costs 185,000 REQUIRED: 1. Compute the direct material cost for 2020: 83500 I 2. Compute the indirect factory labor cost for 2020: 57000 3. Compute the total factory overhead costs for 2020: 4. Compute the cost of goods manufactured for 2020: 5. Compute the cost of goods sold for 2020: 6. Compute the gross profit for 2020