24. Kushman Combines, Inc. has $20,000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory was $10,000 and cost of goods sold was $50,000, how much would Kushman report for cost of goods manufactured? a. $70,000 b. $10,000 C. $60,000 d. $40,000 25.. Cost of goods manufactured is calculated as follows: a. Beginning WIP + direct materials used direct labor + manufacturing overhead ending WIP. b. Direct materials used direct labor + manufacturing overhead - beginning WIP ending WIP. c. Beginning WIP direct materials used + direct labor + manufacturing overhead - ending WIP. d. Direct materials used + direct labor + manufacturing overhead - ending WIP - beginning WIP