Target, Inc. has the following information available for the month of July:

1. Compute the amount of raw materials used for the month of July.

2. Compute then amount of cost of goods manufactured for July.

3. Compute the cost of goods sold for July.

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Particulars Beginning Ending Raw materials inventory Work-in-process inventory Finished goods inventory Raw materials purchased Direct labor costs Over head costs 50,000 S 62,000 80,000 S 55,000 24,000 S 35.000 120,000 60,000 45,000