Question 2 (50 marks) The following data were taken from the records of Wendy Manufacturing Company for the year ended 31 December 2017. as Raw material inventory 1/1/2017 Raw material inventory 31/12/2017 Finished goods inventory 1/1/2017 Finished goods inventory 31/12/2017 Work in process inventory 1/1/2017 Work in process inventory 31/12/2017 Direct labor Indirect labor Accounts receivable Factory insurance Fact Freight-in/transportation-in on raw materials purchased Factory utilities 60,000 160,500 122,000 350,000 630,400 50,600 30,500 650,300 43,300 94,000 34.300 33.000 21,700 56,700 ory machinery depreciation