ustries is calculating its Cost of Goods Manufactured at​ year-end. Frasier's accounting records show the​ following: $15,000 The Raw Materials Inventory account had a beginning balance of $ 15 comma 000 and an ending balance of $ 16 comma 000. During the​ year, the company purchased $ 65 comma 000 of direct materials. Direct labor for the year totaled $ 131 comma 000​, while manufacturing overhead amounted to $ 146 comma 000. The Work in Process Inventory account had a beginning balance of $ 21 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.)