Information for Seaside Manufacturing, Inc. as of December 31 follows:

Raw Materials Inventory, Jan 1 $ 75,000

Raw Materials Inventory, Dec 31 55,000

Work in Process Inventory, Jan 1 95,000

Work in Process Inventory, Dec 31 85,000

Finished Goods Inventory, Jan 1 110,000

Finished Goods Inventory, Dec 31 130,000

Raw materials purchases 180,000

Sales commissions 20,000

Depreciation of factory equipment 30,000

Direct labor 90,000

Factory maintenance 18,000

Depreciation of delivery vehicles 16,000

Factory building rent 15,000

Factory utilities 12,000

Interest expense 5,000

Factory insurance 25,000

Required: Prepare a Schedule of Cost of Goods Manufactured for the year ended December 31. (22 points possible)