Question 20 1 pts Which one of the following does not appear on the balance sheet of a manufacturing company? Raw materials inventory Finished goods inventory Cost of goods manufactured Work in process inventory Using $3,000,000 as the total manufacturing costs, compute the cost of goods manufactured using the following information. 20,000 Raw materials inventory, January 1 Raw materials inventory, December 31 40,000 Work in process, January 1 22,500 Work in process, December 31 8,800 Finished goods, January 1 40,000 Finished goods, December 31 32,000 Raw materials purchases 1,700,000 Direct labor 760,000 Factory utilities 150,000 50,000 Indirect labor Factory depreciation 400,000 Operating expenses 420,000 $2,994,000 $3,008,000 $3,013,700 $3,006,000