Chinese Pistachio Company reported the following year-end information: beginning work in process inventory. $200.000; cost of goods manufactured, $850,000: beginning finished goods inventory. $225,000: ending work in process inventory, $210,000; and ending finished goods inventory, $275,000. Chinese Pistachio Company's cost of goods sold for the year is O $775.000 $825.000 $900,000 $800,000 Magnolia Inc. has $60,000 of ending finished goods inventory as of December 31, 2020. If beginning finished goods inventory was $25,000 and cost of goods sold was $40,000, how much would Magnolia report for cost of goods manufactured? O $65.000 $75.000 O $85.000 O $100,000 Oak Company has beginning and ending raw materials inventories of $95,000 and $110,000, respectively. If direct materials used were $375,000, what was the cost of raw materials purchased? $360.000 O $390.000 O $470,000. $375.000 Because of increasing automation in manufacturing, which component of product cost is declining? O advertising O manufacturing overhead. direct materials. direct labor. Which one of the following should be equal to the balance of the Work In Process Inventory account at the end of the period? The sum of the costs shown on the job cost sheets of unfinished jobs. The total manufacturing costs for the period The total of manufacturing overhead applied to work-in-process for the period. The total of the amounts transferred from raw materials for the current period