Assume the following from a schedule of cost of goods manufactured: Beginning WIP Inventory Ending WIP Inventory Beginning RM Inventory Ending RM Inventory Purchases of raw materials Indirect materials used in production Direct labor $10,000 $14,000 $3,000 $6,000 $38,000 $4,000 $17,000 Manufacturing overhead applied to production $32,000 What is the cost of goods manufactured? Multiple Choice $31,000 O $35,000 $76,000