The following information is available regarding MM Inc. Raw Materials Work in Process Finished Goods Purchase of raw materials Beginning Ending $ 12,000 $ 24,000 $ 32,000 $ 18,000 $ 10,000 $ 15,000 $ 53,000 Indirect materials included in manufacturing overhead $ 8,000 Direct labor $ 52,000 Manufactuirng overhead applied to work in process $ 25,000 Calculate a. Cost of goods manufactured b. Cost of goods sold