"Of all the times this hard drive could crash, it had to be now, Dorothy cried. "How can I finish the June financial reports without all the information? I knew I should have backed up the disk last night before I left work." News of the disaster traveled quickly through the office, and people began to stop by her cubicle to offer their help. Thomas was the first to the rescue. "It might not be as bad as you think, Dorothy. I have the financial reports from May right here. According to the balance sheet, we had a total inventory of $110,000 at the end of May. And I remember that the Finished Goods Inventory was 80% of that amount." "I just finished the inventory counts last night," Chris chimed in from across the hall. "According to my tally sheets, we finished June with $36,000 in Direct Materials Inventory, $21,000 in Work in Process Inventory, and $45,000 in Finished Goods Inventory. This was a 25% increase from the balances in Direct Materials lgventory at the end of May. I bet with a little more investigative work, we can get all the numbers you need to complete the reports."* Lisa called from Payroll to tell Dorothy that the company had paid a total of $21,000 for direct labor during June Juan, the billing supervisor, e-mailed Dorothy that the company had sent out invoices to customers totaling $321,000. Dorothy knew that the overhead rate was 200% of direct labor costs. She also knew that the company priced its product using a 100% markup on the cost of goods sold. Armed with all this information, she sat down to reconstruct the inventory accounts for June (1) Calculate the begininng finished goods. (Round answer to the nearest dollar amount, e.g. 5,275.) Begininng finished goods 36667 (2) Calculate the beginning direct materials. Beginning direct materials 18000 (3) Calculate the beginning work in process. Beginning work in process $ 10500 (4) Calculate the cost of goods sold. (Round answer to the nearest dollar amount, e.g. 5,275.) Cost of goods sold $ 321000 (5) Calculate the cost of goods manufactured. (Round answer to the nearest dollar amount, eg. 5,275.) (5) Calculate the cost of goods manufactured. (Round answer to the nearest dollar amount, eg. 5,275.) Cost of goods manufactured $ 329333 (6) Calculate the direct material used. (Round answer to the nearest dollar amount, eg. 5,275.) Direct material used $ 276833 (7) Calculate the amount of purchases. (Round answer to the nearest dollar amount, e.g. 5,275.) Purchases $ 294833 (8) State the amount of direct labor for the month Direct labor 21000