A manufacturer had the following Cost of Goods Manufactured (COGM) and Cost of Goods Sold (COGS) Schedule. Schedule of Cost of Goods Manufactured Opening Balance Direct Materials Purchases $411,000 Direct materials available for use I $73,000 Closing balance $338,000 Direct materials used in production I I Opening Balance WIP Direct Labour Overhead/indirect Costs . $107,000 Total cost in Work in Process $741,000 Closing Balance WIP ___,Cos__t ofgoods manufactured ' 666 000 3e here to search