The information below has been taken from the cost records of Gator Corp. for the past year. Direct materials used in production Total manufacturing costs charged to production during the year (includes $135 of factory overhead and $326 direct materials) Cost of goods available for sale Selling & administrative expenses $ 326 686 826 25 Inventories: Beginning Ending Direct materials 75 85 Work in process 80 30 Finished goods 90 110 Required: (e) Calculate the cost of direct materials purchased during the year. (b) Calculate the direct labor costs charged to production during the year (c) Calculate the cost of goods manufactured during the year. (d) Calculate the cost of goods sold for the year (e) Calculate profit for the year if sales were $1,300