of $18,000 and an ending balance of $14,000. During the year, the company purchosed $61,000 of drect materials. Diect labor for the year totaled $124,000, whilo manufacturing overhest amounted to $162,000, The Work in Process invertory account had a beginning balance of $24,000 and an ending talance of $16.000. Assume that Raw Materials tnventary contains only oirect matorials Compute the Cost of Goods Manutactured for the yoar. (Hint. The first step is to caloulate the direct malerials used during the year) Start bu calculating the dirnet materinle used durina the vear