An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Lily Company.

LILY COMPANY Cost of Goods Manufactured Schedule December 31, 2020For the Month Ended December 31, 2020For the Year Ended December 31, 2020
Work in process (1/1)						$216,130
Direct materials
Raw materials inventory (1/1)		$
Add: Raw materials purchases		165,710
Total raw materials available for use
Less: Raw materials inventory (12/31)		30,350
Direct materials used				$189,120
Direct labor
Manufacturing overhead
Indirect labor		18,790
Factory depreciation		39,270
Factory utilities		71,220
Total overhead				129,280
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31)						90,580
Cost of goods manufactured						$545,060