E10-9 An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. (LO 3), AP $210,000 22,500 HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process (1/1) Direct materials Raw material inventory (1/1) $ ? Add: Raw material purchases 158,000 Total raw materials available for use Less: Raw material inventory (12/31) Direct materials used $180,000 Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000 Factory utilities 68,000 Total overhead 122.000 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 81,000 $540,000 Instructions Complete the cost of goods manufactured schedule for Hobbit Company