QS 14-11 Cost of goods manufactured LO P2 Prepare the 2017 schedule of cost of goods manufactured for Barton Company using the following information. Direct materials Direct labor Factory overhead costs Work in process, Dec. 31, 2016 Work in process, Dec. 31, 2017 $ 227,500 67,500 26,400 164,200 145,000 Barton Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Total manufacturing costs Total cost of work in process Cost of goods manufactured Use the following information to compute the cost of direct materials used for the current year. (Assume no indirect materials.) January 1 December 31 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Materials purchased Direct labor Factory overhead $ 7,100 13,000 9,400 $ 11,200 11,000 5,800 $129,500 102,000 47,400 Cost of Direct Material is Computed as: Unimart Precision Manufacturing $345,000 $690,000 Beginning inventory Merchandise Finished goods Cost of purchases Cost of goods manufactured Ending inventory Merchandise Finished goods 430,000 860,000 245,000 239,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017 Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year ended December 31, 2017 in Merchandising Business UNIMART Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold: Cost of goods manufactured Goods available for sale Cost of goods sold $ 0 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017. Complete this question by entering your answers in the tabs below. Merch Business Mfg Business Compute cost of goods sold for the company year ended December 31, 2017 in Manufacturing Business. PRECISION MANUFACTURING Partial Income Statement For Year Ended December 31, 2017 Cost of goods sold Goods available for sale Cost of goods sold $ 0