Exercise 175 The following information is available for Elliot Company. January 1, December 31, 2016 2016 $26,000 18,500 30,000 2016 $30,000 22,200 21,000 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead $170,000 734,000 180,000 800,000 Compute cost of goods manufactured. Cost of goods manufactured