Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket’s CFO, has presented you with the following cost information:

Direct Materials Inventory, beginning.... $ 80,000

Direct Materials Inventory, ending .....$122,000

Work in Process Inventory, beginning.... $140,000

Work in Process Inventory, ending .....$ 95,000

Direct labor...............$780,000

Direct materials purchases.........$940,000

Insurance, factory ............$ 50,000

Depreciation, factory ..........$ 22,000

Depreciation, executive offices ......$ 15,000

Indirect labor..............$220,000

Utilities, factory .............$ 17,000

Utilities, executive offices .........$ 8,000

Property taxes, factory ..........$ 18,000

Property taxes, executive offices ......$ 14,000

Required

Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens.