Question 7 Cindi's Manufacturing Inc. began operations in 2022 and reported the following information for that year: Direct Labor $ 65,000 Manufacturing Overhead applied $ 87,000 Materials Purchases $ 42,000 Ending Raw Materials balance 4,000 Ending Work-in-Process balance $ 6,000 Beginning Raw Materials and Beginning Work-in-Process balances What was the amount they reported for Cost of Goods Manufactured in their first year of operations? $184,000 O $154,000 $182,000 $186,000