Refer to the schedule of cost of goods manufactured prepared for Huron Corporation in the preceding problem.

Required:
1. How much of the manufacturing costs incurred during 20x2 remained associated with work-in- process inventory on December 31. 20x2?
2. Suppose the company had increased its production in 20x2 by 20 percent. Would the direct- material cost shown on the schedule have been larger or the same? Why?
3. Answer the same question as in requirement (2) for depreciation on the factory building.
4. Suppose only half of the $60,000 in depreciation on equipment had been related to factory machinery, and the other half was related to selling and administrative equipment. How would this have changed the schedule of Cost of goods manufactured?