The following information is from ABC Companys general ledger: Beginning and ending inventories, respectively, for raw materials were $8,600 and $10,600 and for work in process were $20,600 and $22,600. Raw material purchases and direct labor costs incurred were $36,600 each, and manufacturing overhead applied amounted to $20,600. Required: Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by a minus sign.)