Keropok Terbaik Manufacturing (KTM) has developed the following information for the year ended December 31, 2016: RM Work in process inventory, December 31 150,000 Total manufacturing cost incurred during the year 660,000 Raw materials purchased 190,000 Raw materials inventory, December 31 65,000 Prime manufacturing costs for the year 350,000 Conversion costs for the year 400,000

The work in process inventory on January 1, 2016 was 80% of the work in process inventory on December 31, 2016. REQUIRED: Prepare a cost of goods manufactured schedule for KTM for the year ended December 31, 2016.