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On December 31 , Year 1, Zeus Manufacturing reported the following balances in its inventory accounts: The following events occurred during Year 2: a. Purchased

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On December 31 , Year 1, Zeus Manufacturing reported the following balances in its inventory accounts: The following events occurred during Year 2: a. Purchased raw materials for cash, $382,000. b. Raw materials used to make products, $360,000. c. Direct labor costs of $232,000 were paid in cash. d. Paid cash for actual overhead costs, $208,000. e. Completed products that cost $708,000. f. Sold goods that had cost $705,000 for $971,000 cash. g. Paid cash for selling and administrative expernses, $212,000. Required: Prepare Zeus' schedule of cost of goods manufactured and sold for Year 2. \begin{tabular}{l} Zous Manufacturing Company \\ \hline \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Schedule of Cost of Good Manufactured and Sold } \\ \hline Beginning raw materials inventory & \\ \hline Raw materials purchases & \\ \hline Raw material available for use & \\ \hline Raw materials used & \\ \hline Ending raw materials inventory & \\ \hline Beginning work in process inventory & \\ \hline Total manufacturing costs & \\ \hline Beginning work in process inventory & \\ \hline Total work in process inventory & \\ \hline & \\ \hline Cost of goods manufactured & \\ \hline & \\ \hline Cost of goods available for sale & \\ \hline & \\ \hline Cost of goods sold & \\ \hline \end{tabular} \end{tabular}

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