QUESTION 8 Assuming that the total manufacturing costs are $3,400,000, compute the cost of goods manufactured using the information below. Raw materials inventory, January 1 $ 30,000 Raw materials inventory, December 31 60,000 Work in process, January 1 27,000 Work in process, December 31 18,000 Finished goods, January 1 60,000 Finished goods, December 31 48,000 Raw materials purchases 1,800,000 Direct labor 890,000 Factory utilities 225,000 Indirect labor 75,000 Factory depreciation 500,000 Operating expenses 630,000 O A $3,142,000 O B. $3,409,000 C. 53,421,000 O D. $3,391,000