How to solved the books of chico manufacturing co showed the following data for the month of october 2013. opening and closing data inventories oct 1 raw materials 16000 work in process 16000 finished goods 28000 on oct 31 raw materials 17200 work in process 24000 finished goods 36000 direct labor cost 32000 factory overhead 75% of direct labor cost 112500 cost of goods sold