The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw materials were $9,300 and $11,300 and for work in process were $21,300 and $23,300. Raw material purchases and direct labor costs incurred were $37,300 each, and manufacturing overhead applied amounted to $21,300. Required: Prepare a statement of cost of goods manufactured for ABC Company (Amounts to be deducted should be indicated by a minus sign.) ABC COMPANY Statement of Cost of Goods Manufactured Raw materials: Raw materials inventory, beginning s 9,300 Purchases 37,300 Raw materials available for use 46,600 Cost of raw materials used $ 46,600 Total manufacturing costs 46,600 Cost of goods manufactured $ 46,600