Question 1 K Inc. has the following information: Beginning inventory Ending inventory Raw Material inventory $702 $255 Work-in-Process inventory $5561 $2312 Finished Goods inventory $4852 $1477 Additional information for the year is as follows: Direct materials: $192 Direct labor: $135 Actual Manufacturing overhead costs: $1250 Applied Manufacturing overhead costs: $1675 Compute the ADJUSTED Cost of Good Sold 13