An incomplete cost of goods manufactured schedule is presented below for Cepeda the year ended December 2016:

Instructions
Complete the cost of goods manufactured schedule for Cepeda Manufacturing Company.

Transcribed Image Text:

Work in process (1/1) Direct materials $210,000 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) $165,000 17,500 Direct materials used $190,000 Manufacturing overhead Indirect labour Factory depreciation Factory utilities Total overhead 15,000 36,000 68,000 119,000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 80,000 $550,000