Manufacturing Cost Flow: An Example Gen Corporation has he following data for last year Sales Purchase of direct materials Direct manufacturing labour 300,000 Variable manufacturing overhead . 12,000 Depreciation for manufacturing equipment - 0 FC 6,000 Depreciation for office equipment 3,500 Rental for factory FC 25,000 Rental for office 3,500 Insurrance* * FC 30,000 Property taxes* * -o 18k FC 20,000 Wages for indirect factory labour SC 3,000 Indirect materials used and purchased 4,000 Office staff salaries 5,000 Other selling and administrative expenses 23,500 COGS 800,000 Gross profit markup 25% Beginnig Inventory Direct materials 40,000 Work in progress 120,000 Finished goods 80,000 Ending Inventory Direct materials 50,000 Work in progress 60,000 Finished goods 95,000 ** 90% Factory and 10% Office Required: Compute the: 1. Total manufacturing overheads 2. Direct materials used 3. Total manufacturing cost 4. Sales 5. Purchase of direct materials