An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Sheffield Company. SHEFFIELD COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) $218,850 Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 167,330 Total raw materials available for use Less: Raw materials inventory (12/31) 26,380 Direct materials used $190,670 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 25,670 38,660 74,800 139,130 Total manufacturing costs 10 Total cost of work in process Less: Work in process (12/31) 86,890 $541,430 Cost of goods manufactured