Information for Ace Manufacturing, Inc. as of December 31 follow:

Raw Materials Inventory, Jan 1 $ 90,000

Raw Materials Inventory, Dec 31 50,000

Work in Process Inventory, Jan 1 45,000

Work in Process Inventory, Dec 31 55,000

Finished Goods Inventory, Jan 1 120,000

Finished Goods Inventory, Dec 31 105,000

Raw materials purchases 180,000

Sales commissions 10,000

Depreciation of factory equipment 20,000

Direct labor 75,000

Factory maintenance 12,000

Depreciation of delivery vehicles 16,000

Factory building rent 30,000

Factory utilities 13,000

Interest expense 11,000

Factory insurance 15,000

Required: 

Prepare a Schedule of Cost of Goods Manufactured for the year ended December 31.