Part II Cost of Goods Manufactured and Sold Selected account balances of Santana Manufacturing Company appear below for 2014: Beginning of Year End of Year Finished Goods Inventory $15,000 $ 17,000 Work In Process Inventory 22,000 21,000 Raw Materials Inventory 13,000 19,000 Sales 380,000 Direct Labor 43,000 Factory Supervisory Salaries 17,000 Income Tax Expense 32,000 Factory Insurance 18,000 Raw Material Purchases 93,000 Administrative Expenses 12,000 Sales Returns and Allowances 3,000 Factory Depreciation 8,000 Indirect Labor 14,000 Selling Expenses 44,000 Instructions Using the above information for Santana Manufacturing Company, answer the following questions. Support your answers with clearly identified computations. 1. What was the amount of direct materials used in production? 2. What were the total manufacturing costs incurred? 3. What was the cost of goods manufactured? 4. What was the cost of goods sold? 5. What was the amount of net income?