7:20 PM Fri Nov 20 92% + SO 5. A company has the following cost information: Beginning WIP: $59,000 Cost of materials used in production: $30,000 Cost of direct labor: $22,500 Factory Overhead: $15,000 Ending WIP: $53,000 Beginning finished goods: $77,000 Ending finished goods: $84,000 a. Calculate the cost of goods manufactured (7 pts): b. Calculate the cost of goods sold (5 pts): > >