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Good Slings Inc. manufactures several wood and stringinstruments at its factory in Thunder Bay. In particular, it iswell-known for its production of classic guitars. Assume that GoodSlings uses a periodic inventory system and a physical count ofinventory takes place at year end. The company accumulated thefollowing costs and account balances for the year ended December31, 2010 with respect to direct materials:Balance of materials on January 1, 2010$197,000Balance of materials on December 31, 2010$170,000Materials purchases during 2010$744,000In addition, the following table shows Good Slings’ remainingcosts for the year:Indirect materials$60,000Direct labor$287,000Indirect labor$158,000Utilities, factory$73,000Utilities, office$27,000Insurance, factory$17,000Advertising$21,000Do not enter dollar signs or commas in the input boxes.a) Calculate the cost of direct materials used in production forthe year.Materials used in production: $Answerb) What is the total manufacturing overhead cost for theyear?Manufacturing Overhead: $Answerc) Calculate total manufacturing costs.Total Manufacturing Costs: $Answerd) If there is no beginning work in process inventory and endingwork in process inventory is $54,000, what is the cost of goodsmanufactured?Cost of Goods Manufactured: $Answer