ABC Company has provided the Tollowing data concerning last months operations. Purchases of raw materials Direct labor cost 21 Minut 24/7 Proc Calc $35,000 @ Live $58,000 Phon Manufacturing overhead applied (allocated) to Work in Process $84,000 Beginning Ending Raw materials inventory $14,000 $25,000 Work in process inventory $55,000 $58,000 Finished goods inventory $39,000 $37,000 Assume all raw materials used in production are direct materials, how much is the cost of goods sold?