The Richards Company manufactures a single product. All raw materials used are traceable to specific units of product. Current information for the Richards Company follows: $18,000 Beginning raw materials inventory Ending raw materials inventory Raw material purchases 20,000 98,000 48,000 33,000 Skipped Beginning work in process inventory Ending work in process inventory Direct labor 138,000 Total factory overhead Beginning finished goods inventory Ending finished goods inventory 68,000 63,000 53,000 The company's cost of raw materials used, cost of goods manufactured and cost of goods sold is: The company's cost of raw materials used, cost of goods manufactured and cost of goods sold is: Multiple Choice $100,000 $317,000 $327,000 . $96,000 $287,000 $307,000 $100,000 $287,000 $317,000 . Cost of Materials Used Cost of Goods Manufactured Cost of Goods Sold $98,000 $317,000 $307,000 . $96,000 $317,000 $327,000 D