The following information pertains to the Packer Corporation. Calculate the cost of goods sold for the period: Beginning Raw Materials $ 32,000 Ending Raw Materials 72,000 Beginning Work in Process Inventory 42,000 Ending Work in Process Inventory 48,000 Beginning Finished Goods Inventory 74,000 Ending Finished Goods Inventory 70,000 Cost of Goods Manufactured for the period 248,000 Multiple Choice $248,000. $292,000. $260,000. $252,000. $244,000.