Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule $213,140 Work in process (1/1) Direct materials Raw materials inventory (1/1) 168,130 Add: Raw materials purchases Total raw materials available for use 27,530 Less: Raw materials inventory (12/31) Direct materials used $183,200 Direct labor Manufacturincawarhead Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 26,260 39,410 78,070 143,740 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 87,830 $541,930 Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT COMPANY Cost of Goods Manufactured Schedule $213,140 Work in process (1/1) Direct materials Raw materials inventory (1/1) 168,130 Add: Raw materials purchases Total raw materials available for use 27,530 Less: Raw materials inventory (12/31) Direct materials used $183,200 Direct labor Manufacturincawarhead Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 26,260 39,410 78,070 143,740 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 87,830 $541,930