Prepare schedule of goods manufactured - Raw materials inventory Beginning (December 31, 2016) - Raw materials Purchased. $10,000 - Raw materials inventory Ending (December 31, 2017) $70,000 - Direct labor $40,000 - Factory Overhead $40,000 - Work in progress Beginning (Dec 31, 2016) $65,000 - Work in progress Ending (Dec 31, 2017) $65,000 $15,000 Edit Format Table