Frank Inc.'s data from the year just ended (below), compute cost of goods sold: Purchases of raw material, $26,000 Indirect materials transferred to manu. overhead $6,000 Direct labor, $58,000 Applied manu. overhead $97,000 raw materials beginning ending $30,000 $17,000 work in process inventory $17,000 $66,000 finished goods $30,000 $22,000