Data Analysis; Manufacturing Statement Glasson Manufacturing Co. produces only one product. You have obtained the following information from the corporation's books and records for the current year ended December 31, 2016: Total manufacturing cost during the year was $1,000,000, including direct materials, direct labor, and factory overhead. Cost of goods manufactured during the year was $970,000. Factory overhead charged to work in process was 75% of direct labor cost and 27% of the total manuf