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Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rockets CFO, has presented you with the following cost information: Direct Materials Inventory, beginning

Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rockets CFO, has presented you with the following cost information:

Direct Materials Inventory, beginning $ 87,000
Direct Materials Inventory, ending $ 124,000
Work in Process Inventory, beginning $ 174,000
Work in Process Inventory, ending $ 96,000
Direct labor $ 765,000
Direct materials purchases $ 974,000
Insurance, factory $ 54,900
Depreciation, factory $ 28,300
Depreciation, executive offices $ 10,200
Indirect labor $ 233,000
Utilities, factory $ 15,600
Utilities, executive offices $ 8,500
Property taxes, factory $ 18,800
Property taxes, executive offices $ 15,400

Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens.

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