Compute cost of goods manufactured and cost of goods sold from the following amounts: Beginning of Year

Compute cost of goods manufactured and cost of goods sold from the following amounts:

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Beginning of Year End of Year Direct materials inventory. $22,000 $26,000 Work in process inventory.... 38,000 30,000 Finished goods inventory.. 18,000 23,000 Purchases of direct materials ........... 75,000 Direct labor............ 82,000 Manufacturing overhead........... 39,000