Chang Company Schedule of Cost of Goods Manufactured Direct materials: Beginning raw materials inventory Add: Purchases of raw materials Total raw materials available Less: Ending raw materials inventory Raw materials used in production Direct labor Manufacturing overhead applied to work in process Total manufacturing costs Add: Beginning work in process inventory Less: Ending work in process inventory Cost of goods manufactured e $ 20,600 e 406,000 e 426,600 e 30,600 e 396,000 e Required 1 396,000 66,000 e 507 e 969,500 40,600 e 70,600 e 923,900 e