5 (1 point) Answer the following question using the information below: | | Beginning 1/1/20X8 | Ending 12/31/20X8 | |---|---|---| | Work-in-Process Inventory | $80,000 | $30,000 | | Finished Goods Inventory | 90,000 | 110,000 | * Raw materials used: $362,000 * Direct Labor incurred: ??? * Total Manufacturing OH: 250,000 * Cost of Goods Sold: 716,000 What is Direct Labor Incurred for 20X8? (Hint: use the Schedule of COGM and part of the I/S to help solve) a) $34,000 b) $74,000 c) $104,000 d) $54,000