Question 7 Inventories Beginning Ending $300 $340 Direct material 320 120 Work-in-process Finished goods 360 440 . Other data: Direct material used $1,304 Total manufacturing costs charged to production during the year (includes direct materials, direct labour, and factory overhead applied at a rate of 50% of direct labour cost) $2,744 Cost of goods available for sale $3,304 Selling and general expenses $100 Required: (a) What is the cost of direct materials purchased during the year? (b) What is the direct labour cost charged to production during the year? (c) What is the cost of goods manufactured during the year? (d) What is the cost of goods sold during the year