Cost of Goods Manufactured Schedule For the Year Ended December 31, 2019 Workin process (1/1) $340,000 Direct materials Raw materials imventory (1/1) Raw materials purchases Raw materials available for use Raw materials inventory (12/31) Direct materials used $255.000 Direct labor Manufacturing overhead Indirect labor 19,000 Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Workin process (12/31) Cost of goods manufactured