Sharpland Industries is calculating its Cost of Goods Manufactured at year-end. Sharpland's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $14,000 and an ending balance of $19,000. During the year, the company purchased $58,000 of direct materials. Direct labor for the year totaled $121,000, while manufacturing overhead amounted to $150,000. The Work in Process Inventory account had a beginning balance of $24,000 and an ending balance of $18,000. Assume that Raw Materials Inventory contains only direct materials. Compute the Cost of Goods Manufactured for the year. (Hint: The first step is to calculate the direct materials used during the year.) Sharpland Industries Calculation of Direct Materials Used For Current Year Plus: Less: Direct materials used Compute the Cost of Goods Manufactured for the year. Sharpland Industries Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred Less: Cost of goods manufactured Choose from any list or enter any number in the input fields and then continue to the next