Compute cost of goods manufactured. Work in process, January 1 $20,000 Raw materials, January 1 $25,000 Work in process, December 31 $15,000 Raw materials, December 31 $11,000 Finished Goods, January 1 $40,000 Finished Goods, December 31 $31,000 Materials used in product $21,000 Materials purchased $7,000 Depreciation on factory machinery $1,500 Indirect labor $300 Depreciation on delivery equipment $11,000 Direct Labor $9,500 Property taxes of store $14,000