The following information is from ABC Company's general ledger: Beginning and ending inventories, respectively, for raw materials were $9,600 and $11,600 and for work in process were $21,600 and $23,600. Raw material purchases and direct labor costs incurred were $37,600 each, and manufacturing overhead applied amounted to $21,600. 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 Purchases Raw materials inventory, ending Raw materials available for use Cost of raw materials used $ Total manufacturing costs Cost of goods manufactured