The following information has been extracted from the records of ABC Company: A A A 80,000 60,000 24,000 20,000 10,000 4,000 80,000 160,000 80,000 A Finished goods, January 1, 2019 Direct materials, January 1, 2019 Finished goods, December 31, 2019 Work-in-process, January 1, 2019 Direct materials, December 31, 2019 Work-in-process, December 31, 2019 Marketing and customer services costs Direct materials purchased Direct manufacturing labor Indirect manufacturing labor Amortization - Plant, property & equipment Plant Utilities Plant Supplies A A A A 40,000 18,000 10,000 34,000 A Required: Compute the Direct Materials used. a) (3 Marks) b) (5 Marks) Compute cost of goods manufactured if Direct Materials used is: $ 250,000 c) (2 Marks) Compute the cost of Goods Sold if Cost of Goods manufactured is: 500,000