Erickson Industnes 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 $13,000 and an ending balance of $14,000 During the year, the company purchased $50,000 of direct materials Deect labor for the year totaled $121,000, while manufacturing overhead amounted to $165,000 The Work in Process Inventory account had a begening balance of $27,000 and an ending balance of $15,000 Assume that Row Malena's 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) Start by calculating the direct malensis used during the year Erickson Industries Calculation of Direct Materials Used For Current Year Plus Luss Direct materials used