“Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold:Inventories: Beginning EndingRaw Materials $23,000 $26,000Work-in-Process 38,000 31,000Finished Goods 22,000 29,000Other information:Purchases of materials $76,000Direct labor 86,000Manufacturing overhead 43,000”,”Beginning Work-in-Process Inventory: $38,000Direct Materials Used: Beginning Raw Materials Inventory: $23,000 Purchases of Raw Materials: 76,000 Raw Materials Available for Use: 99,000 Ending Raw Materials Inventory: (26,000)Direct Materials Used: $73,000Direct Labor: 86,000Manufacturing Overhead: 43,000Total Manufacturing Costs Incurred during the Year: 202,000Total Manufacturing Costs to Account For: 240,000Ending Work-in-Process Inventory: (31,000)Cost of Goods Manufactured: 209,000Beginning Finished Goods Inventory: 22,000Cost of Goods Available for Sale: 231,000Ending Finished Goods Inventory: (29,000)Cost of Goods Sold: $202
000″