NOLAND MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2019 Work in process (1/1) Direct materials Raw materials inventory (1/1)$ Raw materials purchases Raw materials available for use Raw materials imventory (12/31) 37,000 Direct materials used $255,000 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured