Question 7' Our company is a manufacturer and has the following data available for the current year: . sales, $550900; . oost ofgo-ods manufactured. $250000: - nished goods beginning inventof'f' $203330: and - nished goods ending inventory. $30,000. What is the amount reported on the income statement for gross prot? 0 $250,000 0 $240,000 0 $290,000 0 $310,000 Question 8 Our company is a manufacturer of sunglasses. Each pair of sunglasses requirE 6 drops of glue. Glue costs $10 per gallon. Glue for the frames would most likelyI be classied as: 0 direct materials 0 indirect materials 0 direct labor 0 indirect labor 0 other factoryoverl'wead Qu estiun 9 Prime costs include: 0 direct laborand indirect labor 0 direct materials and direct labor 0 direct labor and factory merhead 0 direct materials and [actor]:I overhead