Wally Widgets Company is a manufacturer of revative technological personal products. The Vice President of Manufacturing, Wima Wally, has requested financial data including a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. She wants to know how the manufacturing operations are impacting the companies financial statements You have collected the following information related to the most recent operating cycle December 31, 2010 December 31, 2000 Raw Materiale inventory $ 84,500 $88.400 Work in Process Inventory 6,050 5.700 Finished Goods Inventory 65,000 78.700 and a Schedule of Co You have collected the following information related to the most recent operating cyclo. December 31, 2019 $ 84,500 Raw Materials Inventory Work In Process Inventory Finished Goods Inventory December 31, 2020 $ 88,400 5,700 6,950 65,000 78,700 Direct Labor Direct Materials Purchases Indirect Labor Indirect Materials Accounts Receivable Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Plant Manager's Salary Rent on Office Equipment Factory Property Taxes Factory Repair Cash Sales Commissions Office Supplies Cost Incurred during 2020 $ 165,600 197,600 15,400 7,800 72,000 4,700 10,700 21,900 26,000 574,500 45,000 15,700 9,600 4,100 49,200 114,900 2,400 Commissions Office Supplies 114,900 2.400 The company applies overhead using direct labor hours. For the current year, estimated direct labor hours are 9,500 and estimated factory overhead is $61,750. What is amount of Direct Materials Used? What is the total Manufacturing Overhead? What is the Total Manufacturing Cost? What is the Cost of Goods Manufactured? What is the Cost of Goods Sold? What is the Gross Margin reported on the Income Statement? What is the total Inventory reported on the Balance Sheet