What is the difference between financial accounting information system and a cost management information? Q. 3 What are the objectives of cost management information system? Q. 4 Define and explain the two major subsystems of the cost management information system. Q. 7 What is direct cost? And indirect cost? Wyandotte Company provided the following information for the last calendar year: Beginning inventory: Direct materials $25,900 Work in progress 44,700 Ending inventory: Direct materials $18,000 Work in progress 22,700 During the year, direct materials purchases amounted to $256,900, direct labor cost was $176,000 and overhead cost was $308,400. There were 40,000 units produced. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost.