Marthaler's Moccasins manufactures a single product and calculates and applies overhead to its work in process accounts in actual amounts. The following information is available for the period just ended: Raw materials on 1/1: $6,000 Work in process on 1/1: $13.000, on 12/31: $32,000 Finished goods on 1/1: $5,000; on 12/31: $4.000 Also known Purchases of raw materials $40,000 Direct materials issued $31,000 Prime costs $54,000 Indirect materials issued $12.000 Indirect labor $9.000 Factory insurance $2.300 Utilities $9.000 (1/3 is production, 2/3 to administrative offices) Depreciation $4.000 (1/2 relates to production, 1/2 to administrative offices) Administrative salaries $10.000 Sales commissions $7.500 Warranty costs $900 Sales $121,000 Using the information for Marthaler's Moccasins given above, answer the following questions 1. What is the ending balance of Raw Materials? 2. What amount will be charged for direct labor? 3. What is Cost of Goods Manufactured? 4. What is Cost of Good Sold? 5. What was operating income