An incomplete cost of goods manufactured schedule is presented here.

Complete the cost of goods manufactured schedule for Teal Mountain Company. $($Assume that all raw materials used were direct materials.$)$

TEAL MOUNTAIN COMPANY

Cost of Goods Manufactured Schedule

For the Year Ended December $31,2022$

Work in process, January $1$

Direct materials

Raw materials inventory, January $1$

Raw materials purchases

$155,200$

Total raw materials available for use

Less: Raw materials inventory, December $31$

$22,500$

Direct materials used

$$176,400$

Direct labor

Manufacturing overhead

Indirect labor

$18,000$

Factory depreciation

$35,100$

Factory utilities

$67,000$

Total manufacturing overhead

$120,100$