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 Work in process (1/1) Direct materials $215,370 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 164,870 27,100 $183,400 Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 21,960 36,430 71,750 130,140 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured Click if you would like to Show Work for this question 88,810 $545,650 Question Attempts: 0 of 15 used