K Question 4, E2-25A (similar to) > HW Score: 39.29%, 2.75 of 7 points O Points: 0 of 1 Save Kelvin's Die-Cuts is preparing its cost of goods manufactured schedule at year-end. Kelvin's accounting records show the following: The raw materials inventory account had a beginning balance of $13,000 and an ending balance of $24,000. During the year, Kelvin purchased $66,000 of direct materials. Direct labour for the year totalled $131,000, while manufacturing overhead amounted to $145,000. The work in process inventory account had a beginning balance of $28,000 and an ending balance of $16,000. Compute the cost of goods manufactured for the year. (Hint: The first step is to calculate the direct materials used during the year.)