Cost of Goods Manufactured and Sold The Hardback Plastics Corporation manufactures plastic parts for customers' orders and uses a normal job order cost system. Their accounting department collected the following cost data in connection with their production for the month September the 20X6: Beginning inventories, September 1, 20X6 Raw materials .... $15,000 Work-in-process .... 16, 500 Finished goods .... 52,000 Costs for September: Purchases of raw materials .... $ 63,000 Raw materials placed in production .... 70,000 Direct labor costs (20,000 hours) .... 80,000 Actual manufacturing overhead costs: Indirect labor .... 16,000 Indirect materials and supplies .... 5,000 Factory insurance .... 1,000 Factory property taxes .... 1, 500 Depreciation factory building and equipment .... 2, 500 Other factory overhead costs .... 13,000 Predetermined overhead rate: $4.00 per direct labor hour Cost of work-in process transferred to finished goods inventory .... 170,000 Finished goods inventory, September 30, 20X6 .... 36,000 Selling expenses .... 65,000 Administrative expenses .... 52,000 Required: Compute inventory of raw materials, September 30, 20X6. Compute work-in-process on September 30, 20X6 Determine cost of goods sold for September, 20X6. (Any under- or overapplied overhead is closed to cost of goods sold.)