USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT3 QUESTIONS: Consider the following information for a company: $32 $42 WIP, beginning FG Inv., beginning Sales $200 $11 Accts. Rec. $47 $28 Actual Factory OH DM Used $40 $30 DL DM Purchased Total selling exp. $60 App. Factory OH$50 WIP, Ending FG, End $38 $44 OH is applied to production on the basis of DLH. All underapplied or overapplied overhead is closed totally to COGS at the end of the year. 5. Compute the COGM. a. $150 b. $124 c. $118 d. $112 e. $109 Refer back to question 5. Assume COGM is S130. Compute the ADJUSTED COGS. 6. a. $125 b. $128 c. $129 d. $131 e. $135 Again refer to question 5. Assume that Adjusted COGS is S110. Compute the net income for the company. 7. a. $27 b. $30 c. $33 d. $41 e. $90