Justine Industries is calculating its Cost of Goods Manutactured at year-end, The company's accounting records show the following The Raw Matenals Inventory account had a beginning balance of $17,000 and an ending balance of $12,000. During the year, the company purchased $55,000 of direct materials. Drect labor for the year totaled $121,000, while manufacturing overhead amounted to $151,000. The Work in Process Inventory account had a begnning balance of $22,000 and an ending balance of $21,000. Assume that Raw Materials Inventory contains ony direct materials Compute the Cost of Goods Manufactured for the year. (Hint. The first step is to calculate the direct matenals used doring the year)