Question: Short Answer Use the information below to answer the following question(s). Frederick Inc. had the following activities during 2018: Direct materials: Beginning inventory $30,000 Purchases

Short Answer Use the information below to answer the following question(s). Frederick Inc. had the following activities during 2018: Direct materials: Beginning inventory $30,000 Purchases 122.800 Ending inventory 12.200 Direct manufacturing labour 124.000 Manufacturing overhead 26,000 Beginning work-in-process inventory 1.300 Ending work-in-process inventory 2.000 Beginning finished goods inventory 42.000 Ending finished goods inventory 21,000 Required: 7. What is the cost of direct materials used during 2018? &. What are the total manufacturing costs incurred for 2018? .. What is cost of goods manufactured for 2018? 10. What is cost of goods sold for 2018
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