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Xia Co. manufactures a single product. All raw materials used are traceable to specific units of product. Current information for company follows:

Beginning raw materials inventory $9,000

Ending raw materials inventory 12,000

Raw material purchases 86,000

Beginning work in process inventory 21,000

Ending work in process inventory 31,000

Direct labor 111,000

Total factory overhead 86,000

Beginning finished goods inventory 61,000

Ending finished goods inventory 41,000

The company's cost of direct materials used, cost of goods manufactured and cost of goods sold is: