Consider the following for Columbia Street Manufacturing: Change in finished goods inventory Change in work-in-process inventory Total manufacturing costs $985 increase $350 decrease $900 What are the cost of goods manufactured and cost of goods sold? Cost of goods manufactured Cost of goods sold $1,050 A. $885 B. $1,250 $265 C. $1,525 $925 D. $1,250 $565 Option A Option B Option C Option D 1 points Save Answer Conrad, Inc. recently lost a portion of its records in an office fire. The following information was salvaged from the accounting records. Cost of Goods Sold Work-in-Process Inventory, Beginning Work-in-Process Inventory, Ending Selling and Administrative Expense Finished Goods Inventory, Ending Finished Goods Inventory, Beginning $65,000 10,500 9,000 15,000 15,000 Direct Materials Used Factory Overhead Applied Operating Income Direct Materials Inventory, Beginning Direct Materials Inventory, Ending Cost of Goods Manufactured 12,000 14,000 11,000 6,000 60,000 Direct labor cost incurred during the period amounted to 1.5 times the factory overhead. The CFO of Fisher, Inc. has asked you to recalculate the following accounts and to report to him by the end of the day. What is the amount of direct materials used? $23,500 $28,500. O $31,000. O $36,000