Industries is calculating its cost of goods manufactured at year-end. justine's accounting records show the following: the raw materials inventory account had a beginning balance of $ 18 comma 000 and an ending balance of $ 16 comma 000. during the year, the company purchased $ 67 comma 000 of direct materials. direct labor for the year totaled $ 115 comma 000, while manufacturing overhead amounted to $ 157 comma 000. the work in process inventory account had a beginning balance of $ 23 comma 000 and an ending balance of $ 22 comma 000. assume that raw materials inventory contains only direct materials. compute the cost of goods manufactured for the year. (hint: the first step is to calculate the direct materials used during the year.)