Prepare a schedule of cost of goods manufactured. Assume that there are no indirect material costs.

Problem 2-2 (Part Level Submission) Terra Cotta Designs manufactures custom tiles. The following information relates to the fiscal year ending December 31, 2014: Beginning balance in Raw Material Inventory Purchases of raw material Ending balance in Raw Material Inventory Beginning balance in Work in Process Inventory Ending balance in Work in Process Inventory Direct labor cost Manufacturing overhead applied Beginning balance in Finished Goods Inventory Ending balance in Finished Goods Inventory Sales Selling expenses General and administrative expenses s 448,340 1,500,230 198,590 649,530 351,920 2,498,460 648,250 748,130 350,550 7,010,080 501,000 848,400