The following information is available for Carter Corporation: - Materials inventory decreased \$4,000. - Materials inventory on December 31 was 50% of materials inventory on January 1. - Beginning work in process inventory was $145,000. - Ending finished goods inventory was $65,000. - Purchases of direct materials were $154,700. - Direct materials used were 2.5 times the cost of direct labor. - Total manufacturing costs incurred were $246,400,80% of cost of goods manufactured and $156,000 less than cost of goods sold. Note to students: The answers are not necessarily calculated in alphabetical order. a. Compute Finished goods inventory on January 1. \$ b. Compute work in process inventory on December 31 . $ C. Compute direct labor incurred. $ d. Compute factory overhead incurred. $ e. Compute Materials inventory on January 1. $ f. Compute Direct materials used