FISCHER CORPORATION

Schedule of Cost of Goods Manufactured For the Year Ended December 31, Year 2

Raw materials Beginning inventory $28,000

Plus: Purchases 120,000

Raw materials available for use $148,000

Minus: Ending raw materials inventory 24,000

Cost of direct raw materials used $124,000

Direct labor

Manufacturing overhead 24,000

Total manufacturing costs 324,000

Plus: Beginning work in process inventory Total work in process

Minus: Ending work in process inventory 46,000

Cost of goods manufactured $320,000

WHAT IS DIRECT LABOR COSTS