9) Inventory balances for the Jameson Company in October 2018 are as follows: October 1, 2018 October 31, 2018 Raw materials $ 27,000 $ 21,000 Work in process 48,000 37,200 Finished goods 108,000 90,000 During October, purchases of direct materials were $ 36,000. Direct labor and factory overhead costs were $ 60,000 and $ 84,000 respectively. What is the cost of goods manufactured? a) $ 180,000. b) $ 186,000 c) $ 194,000 > d) $ 196,800 Answer: _(4 points)