Schedule of Cost of Goods Manufactured and Sold

At December $31,2019,$ the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for $2019$:

Materials inventory, January $1$ $$25,000$

Materials inventory, December $3115,000$

Work in process inventory, January $130,000$

Work in process inventory, December $3141,000$

Finished goods inventory, January $151,000$

Finished goods inventory, December $3136,000$

Net delivered cost of materials purchased $150,000$

Direct labor $148,000$

Indirect material $12,000$

Indirect labor $37,000$

Factory supplies used $10,000$

Factory depreciation $65,000$

Factory repairs and maintenance $21,000$

Selling expenses $($total$)62,000$

Non$-$factory administrative expenses $($total$)58,000$

Prepare a schedule of cost of goods manufactured and sold for Lederman Manufacturing Corporation for the year ended December $31,2019,$ assuming that there were no other manufacturing overhead items than those listed above.

Do not use negative signs with any of your answers.

Lederman Manufacturing Corporation

Schedule of Cost of Goods Manufactured and Sold

For the Year Ended December $31,2019$

Direct material:

Beginning materials inventory Answer

Answer

Answer

Cost of material available Answer

Less: Answer

Answer

Total materials used Answer

Less: Answer

Answer

Direct materials used Answer

Direct labor Answer

Manufacturing overhead

Indirect material Answer

Indirect labor Answer

Factory supplies used Answer

Factory depreciation Answer

Factory repairs and maintenance Answer

Total manufacturing overhead Answer

Total manufacturing costs for the year Answer

Add: Answer

Answer

Total cost of work in process during the year Answer

Less: Answer

Answer

Cost of goods manufactured Answer

Add: Answer

Answer

Cost of goods available for sale Answer

Less: Answer

Answer

Cost of goods sold Answer