Requirements 1. Show how to compute cost of goods manufactured. Use the following amounts: direct materials used ($29,000), direct labor ($12,000), manufacturing overhead ($25,000), beginning work in process inventory ($10,000), and ending work in process inventory ($1,000) 2. Car-USA spent $110 million in total to produce 10,000 cars this year. The $110 million breaks down as follows: The company spent $20 million on fixed costs to run its manufacturing plants and 59,000 of variable costs to produce each car Next year, it plans to produce 30.000 cars using the existing production facilities. Read the requirements related to Car-USA Requirement 1. Show how to compute cost of goods manufactured. Use the following amounts: direct materials used ($29,000), direct labor ($12,000) manufacturing overhead ($25.000), beginning work in process inventory ($10,000), and ending work in process inventory ($1,000) Calculation of Cost of Goods Manufactured Plus Manufacturing costs incurred Less Cost of goods manufactured (CGM) A