Using $3,000,000 as the total manufacturing costs, compute the cost of goods manufactured using the following information. Raw materials inventory, January 1 $20,000 Rawmaterials inventory, December 31 40,000 Work in process, January 1 18,000 Work in process, December 31 12,000 Finished goods, January 1   40,000 Finished goods, December 31  32,000 Raw materials purchases  1,700,000 Direct  labor          760,000 Factory utilities       150,000  Indirect labor         50,000 Factory depreciation   400,000 Operating expenses 420,000 a. $3,014,000. b. $2,994,000. c.$3,006,000. d. $3,008,000

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