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 applled amounted to $21,800. Required: Prepare a statement of cost of goods manufactured for ABC Company. (Amounts to be deducted should be indicated by a minus sign.)