The controller at Bethune Chemicals asks for your help in sorting out some cost information. You receive the following sheet for the most recent year:

Cost of goods manufactured$ 936,000Cost of goods sold757,400Direct labor costs184,000Direct materials inventory, December 3155,000Direct materials purchased263,200Finished goods inventory, December 31239,400Prime costs for the year469,600Total manufacturing costs944,400Work-in-process inventory, January 129,200

Required:

Compute:

1. Direct materials used.

2. Direct materials inventory, January 1.

3. Conversion costs.

4. Work-in-process inventory, December 31.

5. Manufacturing overhead.

6. Finished goods inventory, January 1.