The following information is available for Sandhill Company. (Assume all raw materials used were direct materials.) January 1, 2022 2022 December 31, 2022 Raw materials inventory $31,200 $36,000 Work in process inventory 22,200 26,560 Finished goods inventory 36,000 25,200 Materials purchased $204,000 Direct labor 276,000 Manufacturing overhead Sales 216,000 960,000 (a) Compute cost of goods manufactured. Cost of goods manufactured $