The management accountant for City Bicycles Ltd. (CBL) was injured in a bus accident and will be away from the office for an extended period of time. The replacement accountant, Martine Laval, is trying to complete the cost accounting records for the month of July and needs some assistance. Martine has compiled various account balances and information to finalize the month-end accounting information. She understands that NO indirect labour or materials are used in CBL's manufacturing process. Opening Closing Direct materials $50,000 $110,000 Direct material purchases - ? Direct materials used - $360,000 Direct labour paid - ? Labour payable $10,000 $20,000 Manufacturing overhead (applied) - ? Work-in-process (WIP) inventory $30,000 $11,000 Transferred out of WIP inventory - ? Finished goods inventory ? $100,000 Transferred out of finished goods inventory - $800,000 A total of 20,000 direct labour hours were worked during July at a cost of $17 per hour. CBL's overhead is applied at a rate of $8 per direct labour hour. Actual manufacturing overhead expenses for the month of July totalled $170,000. CBL's policy is to charge any overapplied or underapplied overhead directly to cost of goods sold. Required: a) Calculate the "?" amounts in the table above to complete Martine's cost accounting information for July. (10.5 marks) b) Calculate the amount of overapplied or underapplied overhead for the month of July. (1.5 marks) c) Calculate CBL's cost of goods sold for the month of July. (