Ch. 2 COGM & COGS Practice: Slapshot Company makes ice hockey sticks. During the month of June, the company purchased $132,000 of materials. Slapshot considers all raw material to be direct, thus indirect materials used is zero. Also during the month of June, Slapshot Company incurred direct labor cost of $113,000 and manufacturing overhead of $187,000, Inventory information is as follows: Materials Work in process Finished Goods June 1 June 30 $ 48,000 $ 45,000 65,000 63,000 80,000 84,000 Required: 1. What was the cost of goods manufactured for June? 2. What was the cost of goods sold for June