Marconi Limited is a small manufacturer of pet accessories and uses a job order costing system. The corporate policy is to treat all over and under applied overhead as immaterial when the amount is less than $1,000. The company had the following balances. The actual data for the year included: 1. Overhead was applied at a budgeted rate of $4.50 per direct labour hour. 2. Purchases of materials and supplies totaled $219,000. Both are accumulated in the Raw Materials Inventory account. 3. Of the total materials requisitioned for the year, 90% was for direct materials and 10% was for supplies. 4. Normal direct labour hours totaled 33,000 and total labour cost was $264,000. $38,000 of this amount related to overtime premiums due to time needed to make up for several power outages during the year. 5. Work in process at the end of the year, consisted of units with the following costs: a. Direct materials $15,000$60,000 b. Direct labour (7,500 hours) 6. At year end, the manufacturing overhead account has a debit balance of $750. 7. Sales for the year were $744,000, with gross profit equal to 25% of sales before adjusting for under or over applied overhead. Required: 1. Calculate and show your calculations for each of the following: a) Direct materials used during the year. b) Work in process inventory at the end of the year. c) Cost of goods manufactured during the year. d) Finished goods inventory at the end of the year. e) Actual manufacturing overhead incurred during the year. 2. Complete a partial income statement in good form for the current year ended December 31