An incomplete cost of goods manufactured schedule is presented below for Cepeda Manufacturing Company for the year ended December 2020: Complete the cost of goods manufactured schedule for Cepeda Manufacturing Company.

CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020
Work in process (1/1)						$215,500
Direct materials
Raw materials inventory, (1/1)		$
Raw materials purchases		166,000
Total raw materials available for use
Less: Raw materials inventory (12/31)		18,200
Direct materials used				$190,000
Direct labour
Manufacturing overhead
Indirect labour		15,800
Factory depreciation		36,300
Factory utilities		68,900
Total manufacturing overhead				121,000
Total manufacturing costs
Total cost of work in process
Less: Work in process (12/31)						81,000
Cost of goods manufactured						$551,000