Inventories Work in Process Raw Materials Finished Goods $21.000 $10.000 $15.000 $12,000 59,000 10,000 12,000 15,000 20,000 56,000 7.500 10,000 $3,000 50 November 30 December 31 November 30 December 31 November 30 December 31 Factory Overhead for December Sales, Materials, and Payroll for December Indirect materials 5,000 Indirect labor 7,000 40,000 paid in cash Factory payroll Raw materials purchases 57,000 Paid cash Total Overhead $42,000 Other Overhead 30,000 Sales 200.000 paid in cash Other over hand costs Predetermined Overhead Rate Presstermined everted rate based on direct labor cost 70 1. Did finished goods Inventory Increase or decrease, and by what amount from November 30 to December 31? 2 Did raw materials inventory Increase or decrease, and by what amount from November 30 to December 31? 3. Compute cost of direct materials used. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 1. Did finished goods inventory increase or decrease, and by what amount, from November 30 to December 312 2. Did raw materials inventory increase or decrease, and by what amount, from November 30 December 31? 1. Finished goods inventory 2 Raw materials inventory Increased Increased by by S 5 2.500 2,000 Renda Req3 > 1. Dio finished goods Inventory Increase or decrease, and by what amount from November 30 to December 31? 2 Did raw materials Inventory Increase or decrease, and by what amount from November 30 to December 31 3. Compute cost of direct materials used. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Compute cost of direct materials used. Cost of direct materials used $ 40.000