Problem 3: Manufacturing Costs (14 points) Instructions: You must show all computations. No credit will be given for a correct answer without supporting computations. Use a pencil and eraser to write your answer. N counts! eatness The following costs and inventory data were taken from the accounts of Quentin Company for 2016: Inventories: Raw materials Work in process Finished goods $ 8,000 15,000 16,000 $ 7,000 13,000 10,000 Costs incurred: Raw materials purchases Direct labor Manufacturing overhead Selling expenses Administrative expenses $93,000 42,000 25,000 5,000 12,000 1. Prepare a schedule showing the amount of direct materials used in production during the year