QUESTION 5 Tisdale Company started the year with the following beginning account balances Raw Materials Inventory, 542,000, Work in Process Inventory, 590,000, and Finished Goods Inventory, $20,000. During the year, the company purchased $60,000 of raw materials and ended the year with $16,000 of raw materials Direct labor costs for the year were $120,000 and a total of $36,000 of manufacturing overhead costs were incurred Ending work in process was $82,000 and ending finished goods was $35,000. Goods were sold to customers during the year for $360,000 How much gross margin would be reported for the year? O A $110.000 B. $145,000 C$125,000 OD $171.000 QUESTION 6 Warren Company applies overhead based on direct labor cost Warren Company estimated that it would incur $180,000 in manufacturing overhead costs and $120,000 of direct labor costs during the current year. Actual manufacturing overhead cost totaled $150,000 and actual direct labor costs totaled $110,000 during the current year. If total manufacturing costs were $320,000, what amount of direct materials was used during the year? A $60,000 B $30,000 O C. $45,000 OD. None of these