Prepare Hogsmeade Companys Schedule of Cost of Goods Manufactured for December 31, 2020

(1) Make sure you use a 3-line header

(2) Dollar signs are reserved for the first number in each column and the final figure.

(3) the Beginning Work in Process appearing as the first line on the Cost of Goods Manufactured Schedule

Problem - Financial data for Hogsmeade Co. as of December 31, 2020, is as follows: Raw materials inventory, 1/1/20 $8,000 Factory insurance Raw materials inventory, 12/31/20 5,900 Factory utilities Work in process inventory, 1/1/20 14,000 Office utilities Work in process inventory, 12/31/20 28,000 Factory machinery depreciation Finished goods inventory, 1/1/20 9,000 Sales revenue Finished goods inventory, 12/31/20 23,000 Sales discounts Direct labor 18,000 Accounts receivable Indirect labor 3,250 Office salaries Raw materials purchases 38,000 $6,780 8,000 12,000 14,200 374,000 6,000 25,000 13,000