CORONADO COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials 159,060 inventory (12/31) Direct materials used Direct labor 29,230 $183,850 Manufacturing overhead Indirect labor 26.160 Factory depreciation 40.720 Factory utilities 73.100 Total overhead 139,980 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured $216,680 84,720 $546,610