The following information is from ABC Companys general ledger: Beginning and ending inventories, respectively, for raw materials were $9,600 and $11,600 and for work in process were $21,600 and $23,600. Raw material purchases and direct labor costs incurred were $37,600 each, and manufacturing overhead applied amounted to $21,600. Required: Prepare a statement of cost of goods manufactured for ABC Company. Include direct labor cost, manufacturing overhead applied, purchases, raw material inventory beginning and ending, work in-progress beginning and ending. (Amounts to be deducted should be indicated by minus sign.)