The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw materials were $9, 800 and $11, 800 and for work in process were $21, 800 and $23, 800. Raw material purchases and direct labor costs incurred were $37, 800 each, and manufacturing overhead applied amounted to $21, 800. Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by minus sign.)