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 Manufactured? $173,000 $97,000 $117,000 $137,000