Purchases $ 92,000 6,000 Materials inventory, July 1 Materials inventory, July 31 8,000 Direct labor 25,000 Factory overhead 37.000 22,000 Work in process, July 1 Work in process, July 31 Finished goods inventory, July 1 Finished goods inventory, July 31 23,500 21,000 30,000 Sales 257,000 79,000 Sales and administrative expenses Calculate the following for July (Show your calculations for partial credit) a. Direct Material Used b. Total Manufacturing Cost Incurred c Cost of Goods Manufactured d Cost of Goods Sold e. Gross Margin Operating Income