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31 12 1 1 Inventories Beginning Ending Raw Materials $30,400 $10,000 Work in process 54,400 23,200 Finished Goods 20,300 15,200 Costs incurred during the year

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31 12 1 1 Inventories Beginning Ending Raw Materials $30,400 $10,000 Work in process 54,400 23,200 Finished Goods 20,300 15,200 Costs incurred during the year are as follows: Raw materials purchased $40,500 Direct manufacturing wages 20,500 Manufacturing overhead 42,600 Cost of goods manufactured is: Color

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