S16-9 Computing cost of goods manufactured Learning Objective 3 Use the following inventory data for Caddy Golf Company to compute the cost of goods manufactured for the year: Direct Materials Used $ 12,000 Manufacturing Overhead 21,000 Work-in-Process Inventory: Beginning Balance 1,000 Ending Balance 5,000 Direct Labor 9,000 Finished Goods Inventory: Beginning Balance 18,000 Ending Balance 4,000