s Exercise C 16 Gore Company Cost of Goods Manufactured Statement For Year Ended December 31 18 19 20 Direct Materials Used: 21 Beg. Raw Materials Inventory 22 Add: Raw Material Purchases 23 Less: End. Raw Materials Inventory 24 Raw Materials Used 25 Less: Indirect Materials 26 Direct Materials Used 27 28 Direct Labor 5,000 155,000 29 Manufacturing Overhead 30 Total Manufacturing Cost 31 Add: Beg. Work in Process Inventory 32 Less: End. Work in Process Inventory 33 COSTOF GOODS MANUFACTURED Check Figure $500,000 35 36 Gore Company Cost of Goods Sold For Year Ended December 31 38 39 Beg. Finished Goods Inventory 40 Add: Cost of Goods Manufactured 41 Less: Ending Finished Goods Inventory 42 COST OF GOODS SOLD 43 80,000 Check Figure $440,000 s Exercise C 16 Gore Company Cost of Goods Manufactured Statement For Year Ended December 31 18 19 20 Direct Materials Used: 21 Beg. Raw Materials Inventory 22 Add: Raw Material Purchases 23 Less: End. Raw Materials Inventory 24 Raw Materials Used 25 Less: Indirect Materials 26 Direct Materials Used 27 28 Direct Labor 5,000 155,000 29 Manufacturing Overhead 30 Total Manufacturing Cost 31 Add: Beg. Work in Process Inventory 32 Less: End. Work in Process Inventory 33 COSTOF GOODS MANUFACTURED Check Figure $500,000 35 36 Gore Company Cost of Goods Sold For Year Ended December 31 38 39 Beg. Finished Goods Inventory 40 Add: Cost of Goods Manufactured 41 Less: Ending Finished Goods Inventory 42 COST OF GOODS SOLD 43 80,000 Check Figure $440,000