Question 5 Using $3,000,000 as the total manufacturing costs, compute the cost of goods manufactured using the following information. $ Raw materials inventory, January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Operating expenses $3,014,000 $2,994,000 $3,006,000. $3,008,000 20,000 40,000 18,000 12,000 40,000 32,000 420,000