cost of goods sold for Beginning raw materials inventory $16,800 Beginning work in process inventory 15,200 Direct labor 75,000 Beginning finished goods inventory 42,000 Total factory overhead 124,000 Raw materials purchased 41,500 Ending raw materials inventory Ending work in process inventory Ending finished goods inventory 20,000 12,000 16.000 w. Prepare a statement of cost of goods manufactured and statement of