Question: 40 pts Question 12 Problem 2: Compute the following: 1. Cost of material used 2. Cost of goods manufactured 3. Cost of goods sold (COGS)

40 pts Question 12 Problem 2: Compute the following: 1. Cost of material used 2. Cost of goods manufactured 3. Cost of goods sold (COGS) Beginning raw materials $3,000 Ending raw materials Inv. $4,000 Beginning work in progress (WIP) $5,000 Ending work in progress (WIP) $12,000 Beginning finished goods Inv. $9.000 Ending finished goods Inv. $ $8,000 $7.000 Raw materials purchased $4,000 Direct labor used Total factory overhead used (OH). $7,000 Edit View Insert Format Tools Table

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