Denny Corporation, a manufacturing company, produces a single product. The following information has been taken from the company's production, sales, and cost records for the just completed year:
Production in units 51,000
Direct labor $120,325
Raw materials purchased $325,019
Manufacturing overhead $250,265
Selling and administrative expenses $422,100
Raw Materials, Beginning $62,900
Raw Materials, Ending $45,345
Work in Process, Beginning $52,984
Work in Process, Ending $58,777
Prepare the Cost of Goods Manufactured Statement.