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 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities. Total overhead HOBBIT COMPANY Cost of Goods Manufactured Schedule 164,500. 30,580 19.810 37,840 68,470 $186,060 126 120 $214,690