You have the following information: Beginning Inventory, Raw Material $32,000 Ending Inventory, Raw Material $29,000 Raw Material used in Production $80,000 How much was Raw Material Purchases? You have the following information: Beginning Inventory, Work-in-Process Cost of Goods Manufactured Direct Material Used in Production Direct Labor $64,000 $216,000 $ 65,000 Manufacturing Overhead Was was Ending Inventory Work-in-Process? $ 97,000 $ 43,000 Question 7 You have the following information: Ending Inventory, Finished Goods Cost of Goods Manufactured Cost of Goods Sold Office Expenses $114,000 $306,000 $325,000 $125,000 What was Beginning Inventory, Finished Goods? 1 pts Question 8 1 pts 8) You estimate at the beginning of the year that Manufacturing Overhead for the year will be $900,000, direct labor hours for the year will be 100,000 hours and machine hours for the year will be 250,000 hours. You have decided your cost driver will be machine hours. Calculate your predetermined overhead rate ?