Custom Designs Please use the following data to determine the value of cost of goods sold that should be included within Custom Design's income statement. Inventories Work in Process Finished Goods Beginning $120,000 $118,000 Ending $97,000 $140,000 Additional Information Direct Materials Direct Labor Labor Hours Worked Estimated Labor Hours Worked Manufacturing Overhead Incurred Estimated Manufacturing Overhead $310,000 $270,000 6,800 DLH 7,000 DLH $254,000 $224,000