Cost of Goods Manufactured and Sold LeMans Company produces specialty papers at its Fox Run plant. At the beginning of June, the following information was supplied by its accountant: Direct materials inventory Work-in-process inventory Finished goods inventory $63,900 36,700 55,300 During June, direct labor cost was $131,000, direct materials purchases were $335,500, and the total overhead cost was $375,600. The inventories at the end of June were: Direct materials inventory Work-in-process inventory Finished goods inventory $64,500 40,300 50,700