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An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Sarasota Company. SARASOTA COMPANY Cost of Goods

An incomplete cost of goods manufactured schedule is presented below.

Complete the cost of goods manufactured schedule for Sarasota Company.

SARASOTA COMPANY

Cost of Goods Manufactured Schedule

Work in process (1/1)

$213,100Direct materials

Raw materials inventory (1/1)

$

Add: Raw materials purchases

165,650

Total raw materials available for use

Less: Raw materials inventory (12/31)

26,990

Direct materials used

$189,070

Direct labor

Manufacturing overhead

Indirect labor

27,550

Factory depreciation

37,060

Factory utilities

71,560

Total overhead

136,170

Total manufacturing costs

Total cost of work in process

Less: Work in process (12/31)

88,960Cost of goods manufactured

$547,060

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