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Lean'N'Mean Manufacturing uses just-in-time inventory techniques to reduce their carrying costs. Despite having a low level of working capital, they experience significant sales and production levels. Lean'N'Mean reported the following information at year-end Indirect Materials Beginning Materials Inventory Ending Materials Inventory Beginning Work in Process Ending Work in Process Beginning Finished Goods Inventory Ending Finished Goods Inventory s 1,000 Used $ 4,000 1,200 Direct Labor 144,000 8,000 Indirect Labor 4,200 Factory Depreciation 2,400 Factory Maintenance 6,000 1,800 Factory Utilities 190,000 10,000 16,000 Selling & Cost of Materials Purchased 150,000 Administrative 328,000 Expense Instructions: Compute each of the following amounts, showing all work for partial credit 1.Direct material used 2. Total manufacturing overhead 3. Total manufacturing costs 4. Cost of goods manufactured 5. Cost of goods sold 6. Prime cost 7. Conversion cost