Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold: (Click the icon to view account balances.) (Click the icon to view other information.) First, compute cost of goods manufactured. Schedule of Cost of Goods Manufactured Beginning Work-in-Process Inventory Direct Materials Used: Purchases of Direct Materials Beginning Direct Materials Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Data table - Data table Balances: Other information: Beginning Ending Purchases of direct materials $ 70,000 Direct Materials $ 25,000 $ 27,000 Direct labor 87,000 Work-in-Process Inventory 42,000 35,000 Manufacturing overhead 46,000 Finished Goods Inventory 16,000 29,000 Print Done Print Done