Question 3 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Martinez Company. MARTINEZ COMPANY Cost of Goods Manufactured Schedule $219,850 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 168,100 Total raw materials available for use 25,620 Less: Raw materials inventory (12/31) Direct materials used $181,420 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 22,500 43,430 71,150 137,080 168,100 Add: Raw materials purchases Total raw materials available for use 25,620 $181,420 Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 22,500 43,430 71,150 137,080 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 90,310 $546,760 LINK TO TEXT VIDEO: APPLIED SKILLS