Learning Objective 3 E16-21 Computing cost of goods manufactured and cost of goods sold Use the following information for a manufacturer to compute cost of goods manufac- tured and cost of goods sold: COGM: $211,000 Ending 27,000 $28,000 32,000 25,000 Balances: Direct Materials Work-in-Process Inventory Finished Goods Inventory Other information: Purchases of direct materials Direct labor Manufacturing overhead Beginning 40,000 18,000 $73,000 88,000 43,000