McGown Corp. has the following information: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 29,900 $ 36,700 $ 20,200 $ 18,800 $ 38,900 $ 21,500 Additional information for the year is as follows: Raw materials purchases Direct labor $108,000 $ 84,200 Manufacturing overhead applied $ 85,700 Indirect materials Compute the cost of goods manufactured. $ 40