Red Company reported the following actual costs for the current year: Direct materials purchased. $28,000 Direct materials used. $44,000 Indirect materials used. $ 6,000 Labour costs: Direct labour $30,000 Indirect labour $10,000 $24,000 Depreciation of production equipment.. Factory rent/utilities $32,000 The following are the inventory account balances: Account 1 January 31 December Direct materials ? $5,000 Work-in-Process $16,000 $26,000 Assume Red uses actual costing Calculate: E.g. of answer showing workings= 10000 (4000 + 8000 - 2000) Direct materials beginning balance = Total overhead costs= Cost of goods manufactured =