Current Attempt in Progress An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company. HOBBIT 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 inventory 159.120 22.610 $220,940 use Less: Raw materials inventory 22,610 (12/31) Direct materials used $188,420 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) 25,620 37.200 76,500 139,320 83,230 Manufacturing overhead Indirect labor 25,620 Factory depreciation 37,200 Factory utilities Total overhead Total manufacturing costs Total cost of work in pre on process 76,500 139,320 Less: Work in process (12/31) Cost of goods manufactured 83,230 $544,240 eTextbook and Media: Save for Latar Attempts: 0 of 5 used Submit