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: Raw Materials - Opening Balance: $19768 , Purchases $54132 and has a Closing Balance of $11260 WIP Information: Conversion costs incurred this period include: Opening balance of WIP was $36429, DL $34054 and OHDs $41897 and the closing balance of WIP was $22355 Finished Goods information: Opening Balance of FG was $64573 and the closing balance was $64633 Required: Trace all costs through the three inventory accounts (RM > WIP > FG > COGS) to calculate the Cost of Goods Sold this month Answer: