Using $3,040,000 as the cost of goods manufactured, compute the cost of goods $3,048,000. $3,032,000. $3,046,000. $3,054,000

Using $3,040,000 as the cost of goods manufactured, compute the cost of goods sold using the following information. Raw materials inventory. January 1 Raw materials inventory, December 31 Work in process, January 1 Work in process, December 31 Finished goods, January 1 Finished goods, December 31 Raw materials purchases Direct labor Factory utilities Indirect labor Factory depreciation Operating expenses 0 53.048000. O $3,032.000. O S3.046.OOO_ O S3,054.ooo, $ 20,000 40.000 18,000 12,000 45.000 31,000 1,700,000 760,000 150.000 50,000 400.000 420,000