The following information is available for Rawlings, Inc. As of January 1, 2016 During 2016 As of December 31, 2016 $2,900 $3,000 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased 4,700 8,300 2,700 21,400 $17,600 Direct labor Manufacturing overhead 22,600 19,000 Sales 69,500 Compute the cost of goods manufactured. $59,100 $55,600 $59,200 $55,500