Use the following information for a manufacturer to compute cost of goods manufactured and cost of goods sold:

Balances:	Beginning			Ending
Direct Materials		$26,000			$31,000
Work-in-Process Inventory		38,000			31,000
Finished Goods Inventory		15,000			27,000
Other information:
Purchases of direct materials					$79,000
Direct labor					89,000
Manufacturing overhead					46,000

First, compute cost of goods manufactured.

Schedule of Cost of Goods Manufactured

Direct Materials Used:
Direct Materials Used
Total Manufacturing Costs Incurred during the Year
Total Manufacturing Costs to Account For
Cost of Goods Manufactured