An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 166,570 23,000 $189,830 $216,760 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured eTextbook and Media 18,230 42,950 69,390 130,570 84,370 $541,050