The following Information is from ABC Company's general ledger: Beginning and ending Inventorles, respectively, for raw materlals were $8,800 and $10,800 and for work In process were $20,800 and $22,800. Raw materlal purchases and direct labor costs Incurred were $36,800 each, and manufacturing overhead applied amounted to $20,800. Requlred: Prepare a statement of cost of goods manufactured for ABC Company. Note: Amounts to be deducted should be Indicated by a minus sign