Question 35 The following information is available for Davis Company. January 1, 2019 2019 December 31, 2019 Raw Materials Inventory $48,672 $93,600 Work in Process Inventory 34,632 69,264 Finished Goods Inventory 56,160 65,520 Materials Purchased $318,240 Direct Labor 430,560 Manufacturing Overhead 336,960 Sales 1,497,600 Instructions: Compute Direct Materials Used Compute Total Manufacturing Costs Compute Cost of Goods Manufactured Compute Cost of Goods Sold Compute Gross Profit