Work In Process Inventory, Beginning 250,000.00 Finished Goods Inventory, Beginning 400,000.00 Work In Process Inventory, Ending 30% of the Beginning Work in Process Inventory Cost Of Goods Manufactured 1,250,000.00 Total Manufacturing Cost 1,075,000.00 Direct Materials Used 175,000.00 Gross Profit On Sales 20% 0 On December 31, the finished goods inventory was determined by physical count which amounts to 500,000. The amount of Direct labor used is half of the factory overhead incurred for the year