A manufacturing company reports the following for the period: Inventories Beginning Ending Raw materials $ 20,020 $ 14,000 Work in process 11,400 13,200 Finished goods 14,460 10,630 Activities for the period Raw materials purchases $ 10,100 Direct materials used 16,120 Direct labor used 11,200 Overhead applied 13,040 Sales 48,000 Prepare a schedule of cost of goods manufactured. Compute gross profit