Problem 4.2: Consider the following information: Raw Finished Material WIP Goods Beginning inventory ? 25,000 84,000 Ending inventory ? 15,000 60,000 Sales (5) $700,000 COGS (includes an adjustment of $40,000 over-applied MOH) GM 5A M M \"(ii Purchases $148,000 Turnover: Raw material inventory 7.0 Direct labor $40,000 Actual MOH $170,000 Compute Ending Inventory for Raw materials inventory. a. $6,000 I! c. $14,000 d. $18,000 None of the above are correct. The correct answer is