Mayer Manufacturing found the following information in its accounting records: $515,500 of direct materials used, $221,500 of direct labor, and $745,000 of manufacturing overhead. The Work in Process Inventory account had a beginning balance of $72,400 and an ending balance of $87,600. Compute the company's Cos of Goods Manufactured. Complete the following table to determine the cost of goods manufactured. Mayer Manufacturing Calculation of Cost of Goods Manufactured For Current Year Beginning work in process inventory Plus: Manufacturing costs incurred Direct materials used Direct labor Manufacturing overhead Total manufacturing costs to account for Less: Ending work in process inventory Cost of goods manufactured 87,600