Dreams Manufacturing, Inc. provided the following information for the year ended December 31, 2020:

Materials Purchases	$55,000
Factory Utilities and Insurance	15,750
Indirect Materials	12,500
Indirect Labor	14,250
Materials Inventory January 1, 2020	28,000
Materials Inventory December 31, 2020	24,250
Direct Labor	67,000
Depreciation on Factory Plant and Equipment	9850
Work-In-Process Inventory January 1, 2020	39,500
Work-In-Process Inventory December 31, 2020	42,000

Required: Prepare a Statement of Cost of Goods Manufactured using the following format:

Statement of Cost of Goods Manufactured

Work in Process Inventory January 1, 2020
Direct Materials Used:
+
Materials Available for Use
-
Direct Materials Used in Production
Direct Labor
Factory Overhead:
Total Factory Overhead
Total Manufacturing Costs Incurred During the Year
Total Manufacturing Costs to Account For
Work in Process Inventory December 31, 2020
Cost of Goods Manufactured