IVanhoe industries is calculating its Cost of Goods Manufactured at year-end. The company's accounting recorda show the following Tho Raw Maserials inventory iccoount had a begnring balance of $15,000 and an ending balance of $13,000. Duning the year, the company purchased $51,000 of direct materials. Direct labor for the year toliled $126,000, whilo manutaciaring overhead amounted to $150.000. The Work in Process Inventory account had a beginning balance of $29,000 and an ending balance of $24.000. Assume that Raw Materials inveritay contains only direct materials. Compute the Cost of Goods Manufactured for the yoar, (Hint The first step is to calculato the direct materisls used during the year) balance of $15,000 and an ending balance of : d for the yea