The following information is taken from the accounting records of Murphy Company for 2019: Direct (Raw) materials inventory, January 1 Direct (Raw) materials inventory, December 31 Work-in-process inventory, January 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Direct Materials purchases for the year Direct labor Factory overhead Sales revenue $ 25,000 22,000 25,000 36,000 27,000 21,000 60,000 100,000 92,000 300,000 Required: Calculate Cost of Goods Manufactured. (Make sure to show work so that partial credit can be given).

The following information is taken from the accounting records of Murphy Company for 2019: Required: Calculate Cost of Goods Manufactured. (Make sure to show work so that partial credit can be given)