Ending inventory of work in process is $200,000 while the beginning inventory of work-in-process is $400,000. The company had ending inventory of direct materials of $250,000 and beginning inventory of direct materials of $800,000. Direct materials purchased during the period was $700,000. Discount received on direct materials purchased was $150,000 while the cost of direct materials returned was $50,000. There were records of delivery expenses (freight-out) in the amount of $70,000; and as a result of FOB shipping point on some of the materials purchased, the company incurred transportation-in of $180,000. Factory overhead incurred was $500,000 while direct labor cost was $400,000. The beginning inventory of finished goods was $600,000.

Required: Using the information above, present the cost of goods manufactured schedule and identify the following information in your schedule:

A. The direct materials used

B. The current manufacturing cost

C. The total manufacturing cost

D. The cost of goods manufactured

E. The cost of goods available for sale