The following cost information is presented for Phoenix Ltd. for the most recent period. Cost of direct material used in manufacturing Direct labour costs Manufacturing overhead Sales commissions at 8% of sales Opening finished goods inventory Opening work-in-process inventory Ending finished goods inventory Ending work-in-process inventory $ 62,000 15,000 6,500 22,000 5,000 3,000 12,000 12,000 Required: What was the cost of goods manufactured for Phoenix? Cost of goods manufactured