MONTY COMPANY

Cost of Goods Manufactured Schedule

For the Month Ended December 31, 2017December 31, 2017For the Year Ended December 31, 2017

Work in process (1/1)$213,900Direct materialsRaw materials inventory (1/1)$Add: Raw materials purchases164,300Total raw materials available for useLess: Raw materials inventory (12/31)29,530Direct materials used$185,570Direct laborManufacturing overheadIndirect labor25,530Factory depreciation44,900Factory utilities74,980Total overhead145,410Total manufacturing costsTotal cost of work in processLess: Work in process (12/31)86,890Cost of goods manufactured$543,210