Manufacturing Overhead Control Cost of Goods Sold 9/24 TAKE HOME PRACTICE 4-1 Prepare the cost of Goods Manufacturing Statement using the following information. Enter the information into the T-accounts and determine the ending balances. Beg. dir. materials inventory $ 8,000 Dir. Materials purchases 30,000 End. Dir. materials inventory ? Dir. Materials used 28,000 Work in process 1/1 9,740 Direct labor 32,000 Work in process 12/31 31,200 Manufacturing overhead ? Finished goods 1/1 60,000 Total manufacturing costs 100,800 Finished goods 12/31 52,540 4- Raw Materials Inv. Bal. 8,000 Work in Process Inv. 9,740 Finished Goods Inv. Bal. 60,000 Bal. VO Manufacturing Overhead Control Cost of Goods Sold