Laramie Technologies Has the Following Data:​​ Calculate the Cost of Goods Manufactured

Essay

Laramie Technologies has the following data:​​ $$\begin{array} { l r } \text { Work in process inventory, beginning } & \$ 45,000 \\\text { Work in process inventory, ending } & 32,000 \\\text { Direct labor costs } & 56,000 \\\text { Cost of materials used } & 50,000 \\\text { Factory overhead } & 28,000\end{array}$$ Calculate the cost of goods manufactured.