The following costs were incurred by Texman Company: $ 950,000 Direct labor Direct material purchases 645,000 55,000 Depreciation on plant Factory supervisor's salary 98,000 26,000 Plant maintenance Plant utilities 30,000 2,555,000 Sales 480,000 72,000 54,000 Selling and administrative expenses Beginning direct materials inventory Beginning work-in-process inventory Beginning finished goods inventory Ending direct materials inventory Ending work-in-process inventory Ending finished goods inventory 75,000 68,000 51,000 88,000 Required: Calculate the following values: Direct materials used Cost of goods manufactured Cost of goods sold d. Operating income Arial 3 (12pt) a. b. C. T 111