factory overhead = 65,000$

Question 14 20 pts Problem 3B: 1. The fallowing account balance and other information are from I Love IVC Corporation's accounting records for year-ended December 31 2018. What is the cost of goods manufactured? Raw materials inventory Beginning (December 31, 2016...... $10,000 Raw materials Purchased.......... $70,000 Raw materials inventory Ending (December 31, 2017). $40,000 Direct labor..... $40,000 Work in progress Beginning (Dec 31, 2016).. $65,000 Work in progress Ending (Dec 31, 2017)... $15,000 Factory Overhead (use it the cost you calculated in Problem 3A) . $210,000 $195.000 O $145,000 O $40,000