The following information was taken from PSU Company's accounting records for the year ended December 31, 2021: Raw materials purchased Direct manufacturing labor payroll Direct manufacturing labor rate per hour Freight-in Factory overhead rate per direct labor hour Inventories balance as of: Direct materials Work in process Finished goods $ ssssssssses S $ $ $ 495,000 900,000 55,000 9 11 1/1/21 12/31/21 $ 45,000 $ 38,000 $ 22,000 $ 26,000 $ 55,000 $ 96,000 Required: Calculate Cost of Good Manufactured and Cost of Goods Sold