4-6 Cost of goods manufactured schedule (LO 3) Rocket Company ll gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFo, h sented you with the following cost information: $ 80,000 $122,000 Direct Materials Inventory, ending Work in Process Inventory, beginning Work in Process Inventory, ending -s1 40,000 Direct labor Direct materials purchases Insurance, factory Depreciation, factory Depreciation, executive offices $95,000 $780,000 , $940,000 50,000 $ 22,000 15,000 $220,000 $ 17,000 f Indirect labor Utilities, factory Utilities, executive offices Property taxes, factory Property taxes, executive offices $ 8,000 18,000 $14,000 164 CHAPTER 4 Product Costs and Job Order Costing