January 1 2022 2022. december 31

Raw materials inventory $23600. 34200

work in process inventory 15900. 19750

finished goods inventory 30950. 23940

materials purchased. 171000

direct labor. 250800

manufacturing overhead. 205200

sales revenue. 1037400

compute cost of goods manufactured.(assume that all raw materials used were direct materials.)

skysong company

cost of goods manufactured schedule

work in process Jan 1

direct materials

raw materials inventory Jan 1. $23600

raw materials purchased $171000

raw materials available for use $194600

less: raw materials inventory dec 31 $34200

raw materials inventory dec 31 (WRONG). $160400

direct labor. $250800

manufacturing overhead. $205200

Total manufacturing costs. 616400

total cost of work in process. 632300

less: work in process dec 31. 19750

cost of goods manufactured. $612550

% ~222 +2 Prepare an income statement through gross prot. SKYSONG COMPANY Income Statement (Partial) O '69 A v A v A v A v A A v v A v 0 9-1