Multiple Choice Question 122 Assuming that the total manufacturing costs are $3300000, compute the cost of goods manufactured using the information below Raw materials inventory, January 1. $30000 Raw materials inventory, December 31 60000 Work in process, January 1 27000 Work in process, December 31 18000 Finished goods, January 1 60000 Finished goods, December 31, 48000 1640000 Raw materials purchases Direct labor 890000 Factory utilities 225000 Indirect labor 75000 Factory depreciation 500000 Operating expenses 630000 $3042000. $3309000. $3321000. $3291000