Crystal Bay Company Schedule of Cost of Goods Manufactured $ 53,000 Beginning work in process inventory Add: Direct materials used Beginning raw materials inventory Purchases of direct materials 25,000 85,000 Available for use 110,000 (30,000) $ 80,000 88,000 24,000 Ending raw materials inventory Direct materials used Direct labour Manufacturing overhead: Indirect labour Insurance on plant Depreciation-plant building and equipment Repairs and maintenance-plant Total manufacturing costs incurred during the year Total manufacturing costs to account for Less: Ending work in process inventory 13,500 15,000 7,500 60,000 228,000 281,000 (39,000) $ 242,000 Cost of goods manufactured Now calculate the cost of goods sold. Now calculate the cost of goods sold. Crystal Bay Company Schedule of Cost of Goods Sold Cost of goods sold Data Table Beginning End End of Year of Year of Year $ $ 13,500 Raw materials inventory Work in process inventory Finished goods inventory Purchases of direct materials Direct labour Indirect labour 25,000 $ 30,000 Insurance on plant 53,000 39,000 Depreciation-plant building 19,000 31,000 and equipment 85,000 Repairs and maintenance-plant 88,000 Marketing expenses 24,000 General and administrative expenses ... 15,000 7,500 86,000 29,000 --- Print Done