Use the following information for Hayes Inc. as of December 31 to answer the n

Use the following information for Hayes Inc. as of December 31 to answer the next questions:

Administrative salaries $ 32000

Depreciation of factory equipment 25000

Depreciation of delivery vehicles 8000

Direct Labor 68000

Factory supplies used 12000

Finished goods inventory January 1 57000

Finished goods inventory December 31 68000

Factory insurance15500

Interest expense 12000

Factory utilities 14000

Factory maintenance 7500

Raw materials inventory January 1 8000

Raw materials inventory December 314000

Raw material purchases 125000

Rent on factory building25000

Repairs of factory equipment11500

Sales commissions 37500

Goods in process inventory January 1 3500

Goods in process inventory December 312000

1. What is the correct amount of Cost of Goods Manufactured based on the Hayes Inc. information?

$398500

$386000

$309000

$306000

$296500

2. What is the total amount of manufacturing costs added to Goods In Process during the period?

$393000

$325000

$389500

$397000

$307500

3. What is the correct amount of overhead based on the Hayes Inc. information?

$192000

$110500

$200000

$150000

$77500

PLEASE SHOW WORK