Exercise 1-9 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 Manufactured Schedule Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 165,710 Total raw materials available for use Less: Raw materials inventory (12/31) 30,350 Direct materials used $189,120 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process 18,790 39,270 71,220 129,280 Less: Work in process (12/31) Cost of goods manufactured Click if you would like to Show Work for this question: Open Show Work 00 000 000 F2 F3 F4 F5 $216,130 90,580 $545,060