Beginning 20,000 work in process inventory materials used Plus: Direct Beginning raw materials inventory Purchases of materials 51,000 Available for use 77,000 (26,000) Ending raw materials inventory Direct materials used Direct labor 49,000 costs 173,000 Manufacturing overhead Total manufacturing incurred during the month Total manufacturing to account for Less: Ending work in process inventory Cost of goods manufactured costs (21,000) Elly Manufacturing Company Income Statement Month Ended June 30 Sales revenue Cost of goods sold: Beginning finished goods inventory Cost of goods manufactured Cost of goods available for sale $ 112,000 Ending finished goods inventory 224,000 Cost of goods sold Gross profit Operating 266,000 expenses: Marketing expenses $ 91,000 Administrative expenses 153,000 Operating income