Freeman Furnishings has summarized its data as shown: Depreciation of factory building Factory real estate taxes $83,000 $15,000 Factory utility expenses Indirect materials Indirect labor Direct labor cost $85,000 $32,000 $25,000 $86,000 Direct labor hours incurred 22,500 Estimated direct labor hours 23,000 Raw material purchased $360,000 Raw material, beginning inventory $40,000 Raw material, ending inventory $28,000 Work in process, beginning inventory $53,000 Work in process, ending inventory $67,000 Estimated overhead $253,000 Compute the cost of goods manufactured, assuming that the overhead is allocated based on direct labor hours. X