* Question 6 An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Hobbit Company HOBBIT COMPANY Cost of Goods Manufactured Schedule $211,000 $ 159,000 22,100 Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs $181,000 18,100 36,100 68,100 122,300 Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 81,100 $541,000