SurfsUp Specialty Products has the following inventory account balances and related manufacturing cost flow information for the month of October Raw Materials, October 1 $ 20,000 Raw Materials, October 31 $ 25,000 Work in Process, October 1 $ 45,000 Work in Process, October 31 $ 40,000 Finished Goods, October 1 $ 68,000 $ 62,000 ? Finished Goods, October 31 Raw materials purchased Raw materials used Direct labor incurred Manufacturing overhead incurred Cost of goods manufactured Cost of goods sold $ 75,000 ? $120,000 $300,000 Cost of goods sold for October is Multiple Choice $300,000 $306,000