The following is data pertaining to XYZ Corporation's manufacturing operation for the month of December:

Additional information for the month of December

Calculate cost of goods manufactured and cost of goods sold.

\begin{tabular}{|l|r|r|} \hline & \multicolumn{1}{|c|}{ Beginning } & \multicolumn{1}{c|}{ Ending } \\ \hline Direct Materials & $18,000 & $15,000 \\ \hline Work-in-Process & 9,000 & 6,000 \\ \hline Finished Goods & 27,000 & 36,000 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Direct Materials Purchased & $42,000 \\ \hline Direct Labor Payroll & 30,000 \\ \hline Factory Overhead & 20,000 \\ \hline \end{tabular}