Questions Lising $200 as the cost of goods manufactured, compute the cost of goods sold using the following information Raw materials inventary, January 1 $ 20000 Raw materials inventory, December 31 40000 Work in process, January 1 18000 Work in process, December 31 12000 Finished goods, January 1 40000 Finished goods, December 31 32000 Kaw materials purchases 1540000 Direct labor 760000 Factory utiles 150000 Indirect labor 50000 Factory depreciation 400000 Operating expenses 420000 $2854000 $2878000 $2894000 $2892000