Jackplum Vineyards, whose fiscal year begins on November 1, has just completed a record-breaking year producing and selling wine. Its inventory account balances on October 31 of this year were Materials Inventory, $83,800; Work in Process Inventory, $2,700,500; and Finished Goods Inventory, $1,800,200. At the beginning of the year, the inventory account balances were Materials Inventory, $56,200; Work in Process Inventory, $3,300,000; and Finished Goods Inventory, $1,596,400. During the fiscal year, the company's purchases of direct materials totaled $750,000. Direct labor hours totaled 140,000, and the average labor rate was $11.00 per hour. The following overhead costs were incurred during the year: depreciation - plant and equipment, $85,600; indirect labor, $207,300; property tax - plant and equipment, $96,000; plant maintenance, $80,000; small tools, $42,400; utilities, $96,500; and employee benefits, $176,100.

Prepare a statement of cost of goods manufactured for the year ended October 31.

Jackplum Vineyards
Statement of Cost of Goods Manufactured
For the Year Ended October 31
Direct materials used:
		$
		$
Cost of direct materials used				$
Overhead:
		$
Total overhead
				$
Total cost of work in process during the year				$
Cost of goods manufactured				$