Drake Company incurred costs of $77,000 for direct materials (raw) purchased. Direct labor was $45,000 and factory overhead was $22,000 for March. Inventories were as follows: Raw materials beginning $10,000; raw materials ending $14,000 Work-in-process beginning $36,000; work-in-process ending $24,000 Finished goods beginning $5,000; finished goods ending $10,000 Required: Calculate the cost of goods manufactured for March for Drake Company. Show your work.