Frederick Inc. had the following activities during 2018:
Direct materials:
Beginning inventory
$30,000
Purchases
122,800
Ending inventory
12,200
Direct manufacturing labour
24,000
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:
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?
What is cost of goods sold for 2018?