Exercise 14-09 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Sunland Company. SUNLAND COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) Direct materials $219,710 $ 164,750 23,370 $183,360 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs 25,340 40,850 74,250 140,440 Total cost of work in process Less: Work in process (12/31) 88,650 $219,710 For the Year Ended December 31, 2020 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 164,750 Total raw materials available for use Less: Raw materials inventory (12/31) 23,370 Direct materials used Direct labor Manufacturing overhead Indirect labor 25,340 Factory depreciation 40,850 Factory utilities 74,250 Total overhead Total manufacturing costs $183,360 140,440 Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 88,650 $544,610