Tell me what you want to do (Alt0) Styles A distraught employee, Guy Arson, put a torch to a manufacturing plant on February 26. The resulting blaze completely destroyed the plant and its contents. Fortunately, some accounting records were kept in another building. They revealed the following for the period from January 1 to February 26: Direct materials (DM) Inventory Jan 1 19,200 Purchases DM Jan 1 to Feb 26 192,000 74,400 40,800 216,000 Ending DM inventory Feb 26 Work in Progress (WIP) Jan 1 Cost of direct labour Cost of Overhead used Work in Progress Feb 26 Finished Goods (FG) Jan 1 144,000 33,600 36,000 Finished Goods Feb 26 60,000 Calculate the following: w Tell me what you want View Help Open in Desktop App I U OV A A B Tell me what you want to do (An Finished Goods (FG) Jan 1 36,000 Finished Goods Feb 26 60,000 Calculate the following: 1) Cost of DM used 2) Cost of goods sold 3) Total value of DM, WIP and FG lost due to the fire 4) Where would you classify the cost of Insurance and why