An incomplete cost of goods manufactured schedule is presented below.

InstructionsComplete the cost of goods manufactured schedule for Cepeda Manufacturing Company.

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CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2010 Work in process (1/1) $210,000 Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 158,000 Total raw materials available for use 12,500 Less: Raw materials inventory (12/31) Direct materials used $190,000 Direct labor Manufacturing overhead Indirect labor $ 18,000 Factory depreciation Factory utilities 36,000 68,000 Total overhead 122,000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) 81,000 $510,000 Cost of goods manufactured