&1. The following amounts were taken from the general ledger of the Excellent Manufacturing Company: Raw materials inventory - beginning of the year balance $52,000 Raw materials inventory - end of year balance $46,000 Work in process inventory - beginning of the year balance $110,000 Work in process inventory - end of year balance $ 85,000 Finished goods inventory - beginning of the year balance $ 26,000 Finished goods inventory - end of year balance $ 54,000 Purchase of direct materials $ 37,000 Depreciation -plant and equipment $ 28,000 Repairs and maintenance - plant $ 4,000 Insurance on plant $ 12,000 Indirect labor $ 27,000 Direct labor $178,000 General and administrative expenses $ 29,000 Marketing expenses $ 62,000 Required: Compute the following: 1. Direct materials used 2. Cost of goods manufactured 3. Cost of goods sold