Exercise 14-9 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 Manuf Work in p Direct materials $213,100 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials avallable for use Less: Raw materials inventory (12/31) 165,650 26,990 $189,070 Direct labor Indirect labor Factory depreciation Factory utilities Total overhead 27,5s0 37,060 71,560 136,170 Total manufacturing costs All Rights in $213,100 Direct materials 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 165,650 26,990 $189,070 Indirect labor Pactory depreciation Factory utilities 27,550 37,060 71,560 136,170 Less: Work in process (12/31) Cost of goods manufacturerd Type here to search