Fill in the missing information on the cost of goods manufactured schedule of Miley Manufacturing Company: PREPARE THE CORRECT FORMAT FOR THE STATEMENT OF COST OF GOODS MANUFACTURED

BLACKPINK MANUFACTURING COMPANY

Cost of Goods Manufactured Schedule

For the Year Ended December 31, 2020

Work in process (1/1) P320,000

Direct materials

Raw materials inventory (1/1) P ?

Raw materials purchases 246,000

Raw materials available for use ?

Raw materials inventory (12/31) 37,000

Direct materials used P235,000

Direct labor ?

Manufacturing overhead

Indirect labor 19,000

Factory depreciation 38,000

Factory utilities 39,000

Total overhead ?

Total manufacturing costs ?

Total cost of work in process ?

Less: Work in Process (12/31) 292,000

Cost of goods manufactured P440,000