An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Cheyenne Company. Assume all raw materials are direct materials. CHEYENNE COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) Direct materials Raw materials inventory (1/1) $ Add: Raw materials purchases 139,200 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 20,000 $158,400 16,000 31,600 60,000 107.600 $184,800 Direct materials used 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 $158,400 16,000 31,600 60,000 107.600 71,200 $475,200