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SHERIDAN COMPANY Cost of Goods Manufactured Schedule

Work in process (1/1)						$215,370
Direct materials
Raw materials inventory (1/1)		$ ____
Add: Raw materials purchases		164,870
Total raw materials available for use		______
Less: Raw materials inventory (12/31)		27,100
Direct materials used				$183,400
Direct labor				______
Manufacturing overhead
Indirect labor		21,960
Factory depreciation		36,430
Factory utilities		71,750
Total overhead				130,140
Total manufacturing costs						419090
Total cost of work in process						______
Less: Work in process (12/31)						88,810
Cost of goods manufactured						$545,650