The Cycle More Company manufactures high end bicycles. The controller for the company Ima Sewsique, spent much of the past qarter at home due to a lingering illness. As a result the company records are incomplete The existing records are presented below Beginning Balances 1/1/2018 Raw Materials Inventory Work in Process Finished Goods Inventory 7,500 $7,500 Ending Balances 12/31/2018 Raw Materials Inventory Work in Process Finished Goods Inventory $1,525 $1,025 Additional Information Raw Materials Purchased Cost of Goods Sold (unadjusted) Raw Materials Used in Production Prime Costs Overhead Rate based on Direct Labor Dollars $98,000 $305,000 $103,000 $143,000 400% Required: 1 Prepare T-accounts for all of the Manufacturing Inventory Accounts and Cost of Goods Sold 2. Determine Conversion costs for the period and the total manufacturing costs added to the Work In Process 3. List any direct costs and explain how your determination was made