The following selected items appeared in the Adjustments columns of the worksheet for Red Inc. on December 31, 20X1. From this information, prepare the section of the statement of cost of goods manufactured relating to the cost of raw materials used:

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Finished Goods Inventory Work in Process Inventory Raw Materials Inventory Materials Purchases Purchases Returns and Allowances Freight In (on Materials Purchases) Debit $ 50,000 75,000 40,000 800,000 10,000 Credit $55,000 78,000 45,000 8,000