Question 12 The following costs and inventory data were taken from the accounts of Simon Company for 2019: January 1, 2019 December 31, 2019 Inventories: Raw materials $ 8,000 $ 7,000 Work in process 15,000 13,000 Finished goods 16,000 12,000 Costs incurred: Raw materials purchases $ 98,000 Direct labor 42,000 8,000 Factory rent Factory utilities 10,000 Indirect materials 6,000 Indirect labor 9,000 Operating expenses 17,000 Prepare a schedule showing the amount of direct materials used in production during the year. $ $ > $ $ Compute the amount of manufacturing overhead incurred during the year. Total manufacturing overhead $ SIMON COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2019 $ $ > $ . Prepare the cost of Goods Sold section of the Income Statement for Simon Company for the year ended December 31, 2019 in good form. SIMON COMPANY (Partial) Income Statement For the Year Ended December 31, 2019 $ > $