Question 29 Problem 5-1 The following information relates to the Bell Tower Company: 20,000 6,000 Sales Beginning Finished Goods Cost of Goods Manufactured Ending Finished Goods Other Operating Expenses Operating Income Direct Materials Used Direct Labor Manufacturing Overhead Finished Work in Process 11,000 7,000 5,000 5,000 5,000 3,000 5,000 4,000 The cost of goods sold is $11,000. Truc False