A manufacturer runs costing on a job costing basis (i.e. only ONE Work in Process - WIP Account and all costs are traceable) The company has recorded the following for a single month of production: Flag question Raw Materials - Opening Balance: $14508, Purchases $74468 and has a Closing Balance of $15128 WIP Information: Conversion costs incurred this period include: Opening balance of WIP was $50601, DL \$27978 and OHDs \$40013 and the closing balance of WIP was $25480 Finished Goods information: Opening Balance of FG was $62809 and the closing balance was $58480 Required: Trace all costs through the three inventory accounts (RM > WIP > FG > COGS) to calculate the Cost of Goods Sold this month