Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket's CFO, has presented you with the following cost information: Direct Materials Inventory, beginning $ 80,000 Direct Materials Inventory, ending $122,000 Work in Process Inventory, beginning $140,000 Work in Process Inventory, ending $ 95,000 Direct labor $780,000 Direct materials purchases $940,000 Insurance, factory $ 50,000 Depreciation, factory $ 22,000 Depreciation, executive offices $ 15,000 Indirect labor $220,000 Utilities, factory $ 17,000 Utilities, executive offices $ 8,000 Property taxes, factory $ 18,000 Property taxes, executive offices $ 14,000 Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens. Rocket Company Schedule of Cost of Goods Manufactured