Hawthorn Industries is calculating its Cost of Goods Manufactured at year-end. The company's accounting records show the following: The Raw Materials Inventory account had a beginning balance of $19,000 and an ending balance of $12,000. During the year, the company purchased $51,000 of direct materials. Direct labor for the year totaled $123,000, while manufacturing overhead amounted to $154,000. The Work in Process Inventory account had a beginning balance of $28,000 and an ending balance of $16,000. Assume that Raw Materials Inventory contains only direct materials. Compute the Cost of Goods Manufactured for the year. (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 Plus: Less: Direct materials used Compute the Cost of Goods Manufactured for the year. Hawthorn Industries Calculation of Cost of Goods Manufactured For Current Year Plus: Manufacturing costs incurred Less: Cost of goods manufactured Data table a. Airplane seats 310 b. Production supervisors' salaries 120 c. Depreciation on forklifts in factory 60 d. Machine lubricants .... $ 30 e. Factory janitors' wages 60 f. Assembly workers' wages 690 g. Property tax on corporate marketing office 20 h. Plant utilities ..... $ 130 i. Cost of warranty repairs. $ 210 j. Machine operators' health insurance.. $ 40 k. Depreciation on administrative offices 110 I. Cost of designing new plant layout $ 175 m. Jet engines $ 1,700 Print Done