You can provide explanations to your answers if you feel necessary. Please circle your final answer to each question.

Q.1) (30 points) XYZ Company manufactured 100,000 units in 20X5 and reported the following costs: $ 384,000 Sandpaper Materials handling Coolants & lubricants Indirect manufacturing labor Direct manufacturing labor Direct materials, 1/1/X5 Finished goods, 1/1/X5 Finished goods, 12/31/X5 Work-in-process, 1/1/X5 Work-in-process, 12/31/X5 $ 32,000 320,000 22,400 275,200 2,176,000 384,000 672,000 1,280,000 96,000 64,000 Leasing costs-plant Depreciation-equipment Property taxes-equipment Fire insurance-equipment Direct material purchases Direct materials, 12/31/X5 Sales revenue Sales commissions Sales salaries Advertising costs Administration costs 32,000 16,000 3,136,000 275,200 12,800,000 640,000 576,000 480,000 800,000 a. What is the amount of direct materials used during 20X5? b. What manufacturing costs were added to WIP during 20X5? c. What amount of prime costs was added to production during 20X5? d. What amount of conversion costs was added to production during 20X5? e. What is cost of goods manufactured for 20X5? f. What is cost of goods sold for 20X5? g. What is gross margin (or gross profit) for 20X5? h. What is operating income for 20X5