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