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.

CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020
Work in process (1/1)						$219,500
Direct materials
Raw materials inventory, (1/1)		$ ( )
Raw materials purchases		166,000
Total raw materials available for use		( )
Less: Raw materials inventory (12/31)		17,500
Direct materials used				$189,000
Direct labour				( )
Manufacturing overhead
Indirect labour		15,500
Factory depreciation		36,200
Factory utilities		68,700
Total manufacturing overhead				120,400
Total manufacturing costs						( )
Total cost of work in process						( )
Less: Work in process (12/31)						80,700
Cost of goods manufactured						$550,600