E2-25A (similar to) Question Help Lawrence's Die-Cuts is preparing its cost of goods manufactured schedule at year-end. Lawrence's accounting records show the following: The raw materials inventory account had a beginning balance of $21,000 and an ending balance of $23,000. During the year, Lawrence purchased $61,000 of direct materials. Direct labour for the year totalled $129,000, while manufacturing overhead amounted to S160,000. The work in process inventory account had a beginning balance of $27,000 and an ending balance of $17,000. Compute the cost of goods manufactured for the year. (Hint. The first step is to calculate the direct materials used during the year.) Lawrence's Die Cuts Cost of Goods Manufactured Add: Direct materials used Direct materials used Total manufacturing costs incurred during the period Less: Cost of goods manufactured Choose from any list or enter any number in the input fields and then click Check