Question 23 ABC Company has provided the following data concerning last month's operations. Raw materials used in production $14,000 Direct labor cost $58,000 Manufacturing overhead applied (allocated) to Work in Process $97,000 Beginning Ending Raw materials inventory $11,000 $23,000 Work in process inventory $52,000 $66,000 Assume all raw materials used in production are direct materials, how much is the cost of goods manufactured for the month? O $169,000 Raw materials used in production $14,000 Direct labor cost $58,000 Manufacturing overhead applied (allocated) to Work in Process $97,000 Beginning Ending Raw materials inventory $11,000 $23,000 Work in process inventory $52,000 $66,000 Assume all raw materials used in production are direct materials, how much is the cost of goods manufactured for the month? $169,000 $175,000 $155,000 $221,000