Salamone Heaters' selected data for July 2017 are presented here (in millions): (Click the icon to view the data.) Read the requirements Requirement 1. Calculate the cost of direct materials inventory 7/31/2017. Data Table - $ Direct materials inventory 7/31/2017 80 340 365 455 240 Direct materials inventory 7/1/2017 Direct materials purchased Direct materials used Total manufacturing overhead costs Variable manufacturing overhead costs Total manufacturing costs incurred during July 2017 Work-in-process inventory 7/1/2017 Cost of goods manufactured Finished goods inventory 7/1/2017 Cost of goods sold 1,580 230 1,680 160 1,700 Print Done