E16-21 Computing cost of goods manufac- tured and cost of goods sold Learning Objective 3 COGM: $211,000 Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: Ending Beginning Balances: $ 28,000 $ 27,000 Direct Materials 32,000 40,000 Work-in-Process Invent ory 25,000 18,000 Finished Goods Invent ory Other information: $ 73,000 Purchases of direct m aterials 88,000 Direct labor 43,000 Manufacturing overhe ad