Required
 

Prepare Schedule of Cost of Goods Manufactured and Sold At December 31,2016 , the end of its fiscal year.

At December 31,2016, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2016 Materials inventory, January 1 Materials inventory, December 31 $81,250 48,750 97,500 Work in process inventory, January 1 Work in process inventory, December 31 133,250 165,750 Finished goods inventory, January 1 Finished goods inventory, December 31 Net delivered cost of materials purchased 117,000 406,250 Direct labor 481,000 Indirect material 39,000 Indirect labor 120,250 Factory supplies used 32,500 Factory depreciation 211,250 Factory repairs and maintenance 68,250 Selling expenses (total) 201,500 Non-factory administrative expenses (total) 188,500