Use the following inventory data for Caddy Golf Company to compute the cost of goods manufactured for the year:
Direct Materials Used ....................................... $ 12,000
Manufacturing Overhead ...................................... 21,000
Work-in-Process Inventory:
Beginning Balance ............................................. 1,000
Ending Balance ................................................. 5,000
Direct Labor ..................................................... 9,000
Finished Goods Inventory:
Beginning Balance .......................................... 18,000
Ending Balance ............................................... 4,000