Problem 1 (5 points) During April 2011, Restaurant Supply Company incurred Overhead Costs of $102,800 and Direct Labor Costs of $128,500. During the month, $110,000 of direct materials were purchased. Revenues for the company were $900,000, and selling and administrative costs were $70, Other information about Restaurant Supply inventories and production for April was as follows: Beginning inventories-April 1 Direct materials Work in process Finished goods Ending inventories-April 30 Direct materials Work in process Finished goods $42,200 40,000 208,500 $19,000 38,000 105,000 a. Calculate direct materials used b. Calculate cost of goods manufactured c. Calculate cost of goods sold d. Calculate net income