Hawthorm Industries is calculating account had a beginning balance of $13.000 and an endin ts Cost of Goods Manufactured at year-end. Hawthorn's accounting records show the following: The Raw Materials Inventory g balance of $17,000. During the year, the company purchased $52,000 of direct materials. Direct labor the year totaled $130,000, while manufacturing overhead amounted to $159,000. The Work in Process Inventory account had a beginning balance of $21,000 (int. The frst step is to calculate the direct materials used during the year) Start by caloulating the direct materials used during the year of $19,000. Assume that Raw Materials Inventory contains only direct materials. Compute the Cost of Goods Manufactured for the year Hawthorn Industries Calculation of Direct Materials Used For Current Year Plus: Less Direct materials userd Compute the Cost of Goods Manufactured for the year Hawthorn Industries Calculation of Cost of Goods Manufactured For Current Year Plus: costs incurred Less: Cost of goods manufactured Hawthorm Industries is calculating its Cost of Goods Manufactured at year-end. Hav account had a beginning balance of $13,000 and an ending balance of $17,000. Du for the year totaled $130,000, while manufacturing overhead amounted to $159,000 and an ending balance of $19,000. Assume that Raw Materials Inventory contains c (Hint: The first step is to calculate the direct materials used during the year.) Start by calculating the direct materials used during the year Hawthorn Industries Calculation of Direct Materials Used For Current Year Beginning raw materials inventory Beginning work in process inventory Cost of goods manufactured Direct labor Ending raw materials inventory Ending work in process inventory Manufacturing overhead Materials available for use Purchases of direct materials Total manufacturing costs incurred during the period Total manufacturing costs to account for Less: Cost of goods manufactured