Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hours. Freeman Furnishings has summarized its data as shown: Depreciation of factory building $116,000 Factory real estate taxes $15,000 Factory utility expenses $85,000 Indirect materials $32,000 Indirect labor $25,000 Direct labor cost $83,000 Direct labor hours incurred 25,500 26,000 $330,000 $30,000 $30,000 $51,000 $65,000 $286,000 Estimated direct labor hours Raw material purchased Raw material, beginning inventory Raw material, ending inventory Work in process, beginning inventory Work in process, ending inventory Estimated overhead