Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) Direct materials $211,850 Raw materials inventory (1/1) Add: Raw materials purchases 55,290 162,990 Total raw materials available for use T 55,290 Less: Raw materials inventory (12/31) Direct materials used 27,940 Direct labor $190,340 92,370 Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 27,410 44,040 69,050 140,500 Total manufacturing costs 4.23.210 Total cost of work in process 6,35,060 Less: Raw materials inventory (12/31) Direct materials used 27,940 $190,340 Direct labor 92,370 Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 27,410 44,040 69,050 140,500 Total manufacturing costs 4.23.210 Total cost of work in process 35060 Less: Work in process (12/31) Cost of goods manufactured 84,660 $550,400