You are given the following information for the year ended 31 October 20X7: $ Purchases of raw materials 112 000 Returns inwards 8 000 Decrease in inventories of raw materials 8 000 Direct wages 42 000 Carriage outwards 4 000 Carriage inwards 3 000 Production overheads 27 000 Increase in work in progress 10 000 The value of factory cost of goods completed is: $………