An incomplete cost of goods manufactured schedule is presented below for Cepeda Manufacturing Company for the year ended December 2020: Complete the cost of goods manufactured schedule for Cepeda Manufacturing Company.

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

CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $217,000 Work in process (1/1) Direct materials Raw materials inventory, (1/1) Raw materials purchases 167,000 Total raw materials available for use 18,000 Less: Raw materials inventory (12/31) Direct materials used $187,000 Direct labour Manufacturing overhead Indirect labour Factory depreciation Factory utilities Total manufacturing overhead 15,400 37,000 68,500 120,900 X Total manufacturing costs X Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 80,600 $550,600