The following information relates to following 2 questions Ace Company's accounting records show the following (amounts are all in $): Beginning Banalce 100 3,000 6,000 Ending Balance Raw Materials Work-in-Process Finished Goods 250 All materials are direct materials. 2,400 9,300 MC- DMIDLMO S.poo 700 For the period, Direct Labor costs totaled $5,000 Manufacturing Overhead costs totaled $7,000. 7. The amount of Direct Material costs is The amount of total Manufacturing Costs is: 8. The following information relates to following 2 questions. Blue Company's accounting records show the following (amounts are all in $): MC:DMMOH The following data are given for a period (Amounts are all in $): Beginning Banalce 1,000 2,000 5,000 Ending Balance 800 Raw Materials Work-in-Process Finished Goods *All materials are direct materials. 2,400 3,600 For the period, Direct Materials cost totaled $900; Manufacturing Costs totaled $5,000; and Cost of Goods Manufactured totaled $8,000 The amount of Cost of Goods Manufactured is: $ 9. The amount of Cost of Goods Sold is: $ 10