Question 6 Use the following information for Questions 6 - 12 Final Company reported the following account balances. January 1 January 31 Raw materials inventory $5,000 $6,000 Work-in-process inventory 14,000 10,000 Finished goods inventory 6,000 8,000 The following activity occurred during the month. Raw materials costing $16,000 were purchased. Direct labor cost of $12,000 was incurred. Selling costs of $7,000 were incurred. Applied overhead of $18,000 was assigned to production. Administrative costs of $24,000 were incurred. Sales revenue totaled $90,000. Determine the cost of direct materials used for January. O $21,000 $17,000 O $16,000 $15,000 Question 7 Determine the product cost added for January. O $76,000 $45,000 O $46,000 $27,000 Question 8 Determine the cost of goods manufactured for January. $41,000 O $80,000 O $78,000 $49,000 Question 9 Determine the cost of goods sold for January. O $51,000 O $47,000 O $76,000 O $78,000 Question 10 Determine the operating income for January. $12,000 O $14,000 O $8,000 O $43,000 Question 11 Determine the prime cost for January. 0 $30,000 O $33,000 O $27,000 O $45,000 Question 12 Determine the conversion cost for January. $45,000 O $33,000 $30,000 O $27,000