Question 1 The Fred Free Company recorded the following data for the month of January 20xx January 3 January 1, 20X0x Inventories Direct Material $24,000 $23,000 Work in Process 18,000 15,000 Finished Goods All raw materials are direct material 22.000 27.000 Additional Data: Net Sales Revenue Direct Labour Costs Indirect Labour Costs $325,000 40,000 45,000 Sales Commissions Administrative Expenses Direct Materials Purchased during January 15,000 18,000 30,000 Depreciation, factory 10,000 Factory Maintenance and Supplies Utilities (80 % factory, 20 % office) General Office Salaries 8,000 25,000 12,000 Required: al Compute the amount of direct materials used in January b) List and total the Manufacturing Overhead costs for the month of January c) Compute the Cost of Goods Manufactured