The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw materials were $8,900 and $10,900 and for work in process were $20,900 and $22,900. Raw material purchases and direct labor costs incurred were $36,900 each, and manufacturing overhead applied amounted to $20,900. 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 $ 8.900 Purchases 36,900 Raw materials inventory, ending (10,900) Raw materials available for use 34,900 > Less: Raw materials inventory, ending X Cost of raw materials used $ 34,900 Direct labor cost incurred 36.900 Direct labor cost incurred Manufacturing overhead applied 20,900 Total manufacturing costs 92,700 Add: Work-in-process, beginning 209,000 X Less: Work-in-process, ending (22,900) Add: Work-in-process, ending 113,600 Cost of goods manufactured $ 392,400 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. 00