Ollowing data should be used for questions 9-12: Raw materials inventory. January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Selling and administrative expenses $ 12.000 16,000 5,000 8,000 17,000 12,000 118,000 165,000 64,000 12,000 18,000 220,000 9. How much is the cost of the direct materials used? a. $118,000 b. $114,000 c. $122,000 d. $130,000 above is $130,000. How much are total manufacturing costs? 10. Assume your answer to question a. $389,000 b. $393,000 c. $295,000 d. $609,000 10 above is $400,000. How much is cost of goods manufactured? 11. Assume your answer to question a. $400,000 b. $389,000 c. $397,000 d. $403,000 12. Assume your answer to question above is $420,000. How much is cost of goods sold? a. $420,000 b. $408,000 c. $295,000 d. $425,000