Compute the following three measures using the information below. 1. Cost of materials used Cost of Direct Materials transferred from Raw Materials Inventory to Work in Process Inventory 2. Cost of goods manufactured Cost of goods completed in the current period and transferred from Work in Process Inventory to Finished Goods Inventory 3. Cost of goods sold Cost of goods leaving Finished Goods Inventory and going to the customer. Expensed on the income statement. Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Raw materials purchased Total factory overhead used $15,500 29,000 24,000 66,000 80,000 Ending raw materials inventory Ending work in process inventory Ending finished goods inventory Direct labor used $10,600 44,000 37.400 38,000 Raw Materials Inventory Beg. Inv. 15,500 Purchases 66,000 Finished Goods Inventory Beg. Inv. 24,000 Cost of GM 173,900 Work in Process Inventory Beg. Inv. 29.000 Matls. Used 70.900 Direct Labor 38,000 Fact. OH 80.000 217,900 Cost of GM 173.900 44,000 Avail for Use 81,500 Matls Used 10,600 70.900 Avail for Sale 197,900 Cost of GS End. Inv. 37 400 160.500 End. Inv. End. In