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 Total raw materials available for use Less: Raw materials inventory, December 31 20,000 Direct materials used $158,400 Direct labor Manufacturing overhead \begin{tabular}{lr} Indirect labor & 16,000 \\ Factory depreciation & 31,600 \\ Factory utilities & 60,000 \\ \cline { 2 - 3 } Total manufacturing overhead & \\ \hline \end{tabular} Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 $184,800 ary1 or use 139,200 ; December 3120,000 $158,400 16,000 31,600 60,000 107,600 er31 71,200475,200 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 Total raw materials available for use Less: Raw materials inventory, December 31 20,000 Direct materials used $158,400 Direct labor Manufacturing overhead \begin{tabular}{lr} Indirect labor & 16,000 \\ Factory depreciation & 31,600 \\ Factory utilities & 60,000 \\ \cline { 2 - 3 } Total manufacturing overhead & \\ \hline \end{tabular} Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 $184,800 ary1 or use 139,200 ; December 3120,000 $158,400 16,000 31,600 60,000 107,600 er31 71,200475,200