Problem 2 10 points available The following information has been taken from the perpetual inventory system of Paarl South Africa Co. for the month ended December 31: Purchase of direct materials $240,000 Direct materials used $200,000 Direct labor cost assigned to production $100,000 Manufacturing overhead costs incurred and applied $140,000 Balances in inventory: 12-31 12-01 Materials ????? $100,000 Work in process $260,000 188,000 Finished goods S240,000 $ 172,000 1. Refer to the above data. The total amount of inventory to be included in Paarl's December 31" balance sheet amounts to: 2. Refer to the above data. Total manufacturing costs charged (debited) to Work in Process during December amount to: 3. Refer to the above data. The cost of finished goods manufactured in December is: 4. Refer to the above data. The cost of goods sold in December is