The following information was also used in the prior problem. Given the following account balances, what is the cost of goods manufactured (COGM)?

Raw materials inventory, Dec 31, 2018	$30,000
Work in process inventory, Dec 31, 2018	20,000
Finished goods inventory, Dec 31, 2018	80,000
Raw materials inventory, Dec 31, 2019	35,000
Work in process inventory, Dec 31, 2019	15,000
Finished goods inventory, Dec 31, 2019	70,000

Raw materials purchases	$ 90,000
Direct labor	50,000
Factory computer supplies used	5,000
Indirect labor	7,000
Repairs-factory equipment	2,000
Rent cost of factory building	10,000
Advertising expense	60,000
General and administrative expenses	120,000