The following information is available for Elliot Company.

a. Compute cost of goods manufactured.

\begin{tabular}{|c|c|c|c|} \cline { 2 - 4 } \multicolumn{1}{c|}{} & January1,2019 & 2019 & December31,2019 \\ \hline RawmaterialsInventory & $26,000 & & $30,000 \\ \hline WorkinprocessInventory & 18,500 & & 22,200 \\ \hline Finished goods & & & \\ \hline Inventory & 30,000 & & 21,000 \\ \hline Materlals purchased & & $170,000 & \\ \hline Direct labor & & 230,000 & \\ \hline Manufacturing & & & \\ \hline overhead & & 180,000 & \\ \hline Sales & & 800,000 & \\ \hline \end{tabular}