Use the following information to compute the cost of goods manufactured:
Beginning finished good inventory 65,000
Beginning goods in process inv. 81,000
Beginning raw materials 73,000
Depreciation on factory equipment 7,000
Direct labor 25,000
Ending finished goods inv. 67,000
Ending goods in process inv. 79,000
Ending raw materials 60,000
Factory repairs & maint. 12,000
Raw materials purchases 50,000