Lucy Corporation had the following information available for 2020: Raw Materials Inventory Work in Process Finished Goods Additional information for 2020: Beginning Ending Balance Balance $8,700 $9,800 22,400 19,700 56,200 58,400 Raw Material Purchases $88,000 Factory Insurance 8,200 Direct Labor 145,000 Factory Depreciation 24,700 Advertising Expenses 34,000 Factory Utilities 14,300 Indirect Materials Used 11,600 Marketing Manager's Salary 85,000 Office Utilities Expense 19,200 Factory Repairs 13,300 Sales Revenue 630,000 Factory Property Taxes 6,400 Total Factory Labor Costs REQUIRED: 1. Compute the direct material cost for 2020: 2. Compute the indirect factory labor cost for 2020: 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: 210,000