based on the following data, what is the cost of goods manufactured for the company? direct materials purchased $105,000 direct manufacturing labor payroll 75,000 direct manufacturing labor rate per hour 12.00 manufacturing overhead rate per direct labor hour 16.00 beginning inventory ending inventory direct materials $45,000 $37,500 work-in-process 22,500 15,000 finished goods 67,500 90,000
