Donnyelle Industries is calculating its Cost of Goods Manufactured at year-end. The company's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $14,000 and an ending balance of $18,000. During the year, the company purchased $60,000 of direct materials. Direct labor for the year totaled $122,000, while manufacturing overhead amounted to $146,000. The Work in Process Inventory account had a beginning balance of $28,000 and an ending balance of $16,000. Assume that Raw Materials Inventory contains only direct materials. Compute the cost of Goods Manufactured for the year. (Hint: The first step is to calculate the direct materials used during the year.) Donnyelle Industries Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used Choose from any list or enter any number in the input fields and then click Check Answer. 2 1 part remaining Clear All Check