ort Corporation had the following transactions during its first month of operations: a). Purchased raw materials on account, $50,000 (2 points). b). Raw Materials of $20,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $5,000 was classified as indirect materials and $15,000 was classified as direct materials (3 points). c). The beginning balance of Raw Material Inventory is 5,000. What is the ending balance for Raw Material Inventory by the end of the month? Please show your calculation (3 points). d) Factory labor costs incurred were $ 80,000 of which $ 65,000 pertained to factory wages payable and $ 15,000 pertained to employer payroll taxes payable (3 points). e). Factory labor assigned to production. Time tickets indicated that $75,000 was direct labor and $5,000 was indirect labor (3 points). f). Incurred manufacturing overhead costs as follows: depreciation expense on equipment $8,000, factory utilities of $2,000 are payable, prepaid factory insurance of $2,400 has expired, and various other manufacturing overhead costs 60,000 on account (3 points). g). Manufacturing overhead was applied at the rate of 125% of direct labor cost (3 points). h). At the end of the month, $150,000 goods were completed and transferred to finished goods (2 points). i). The beginning balance of Work In Process Inventory is 2,000. What is the ending balance of Work In Process Inventory by the end of the month? Please show your calculation (3 points). j). Finished goods costing $150,000 to manufacture were sold on account for $200,000 (4 points).