Cost of Materials Used $40,000 Direct Labor costs $55,000 Factory Overhead $32,000 Work in Process, beg. $28,000 Work in Process, end. $18,000 Finished Goods, beg. $28,000 Finished Goods, end. $18,000 What is Cost of Goods Sold? $147,000 $137,000 $10,000 $128,000