Problem 22: COST OF GOODS SOLD (NORMAL COSTING) Mary Corp. has the following balances of the ending inventories or the month of September: September 1 September 30 Direct Materials 134,000 124,000 Work in Process 290,000 342,000 Finished Goods 170,000 156,000 Production data for the month of September follows: Direct labor 400,000 Actual Factory overhead 264,000 Direct materials purchased 326,000 Freight in 8,000 Purchase return and allowances 4,000 Mary Corp. uses predetermined factory overhead at 70% of direct labor cost to apply in the production. 63