A B C D E F G H 1 Alpha Company had the following inventory balances at the beginning and end of August 201X. 4 Raw Material Inventory 5 Work in Process Inventory 6 Finished Goods Inventory AUGUST 1 $59,000 $487,000 $274,000 AUGUST 31 $85,000 $536,000 $193,000 All raw material is direct to the production process. The following information is also available about August manufacturing costs: 10 11 Cost of raw material used $755,000 12 CEO Staff Salary $157,500 13 Cost of Newspaper Advertisements $79,000 14 Direct labor cost $798.000 15 Sales Commissions $333.000 16 Manufacturing overhead $654,000 17 18 19 A. Calculate the Cost of Goods Manufactured (COGM) for August. B. Determine the Cost of Goods Sold (COGS) for August. 20 21