Schedule of Cost of Goods Manufactured and Sold At December 31,2016, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2016

Materials inventory, January 1	$12,500
Materials inventory, December 31	7,500
Work in process inventory, January 1	15,000
Work in process inventory, December 31	20,500
Finished goods inventory, January 1	25,500
Finished goods inventory, December 31	18,000
Net delivered cost of materials purchased	62,500
Direct labor	74,000
Indirect material	6,000
Indirect labor	18,500
Factory supplies used	5,000
Factory depreciation	32,500
Factory repairs and maintenance	10,500
Selling expenses (total)	31,000
Non-factory administrative expenses (total)	29,000

Prepare a schedule of cost of goods manufactured and sold for Lederman Manufacturing Corporation for the year ended December 31,2016, assuming that there were no other manufacturing overhead items than those listed above.

Do not use negative signs with any of your answers.

Direct Materials:

Beginning materials inventory 12,500

Cost of materials purchased ______

Cost of material available ______

Less: Ending materials inventory 7,500

Total materials used ______

Less: Indirect materials used 6,000

Direct materials used _______

Direct labor 74,000

Manufacturing Overhead:

Indirect material 6,000

Indirect labor 18,500

Factory supplies used 5,000

Factory depreciation 32,500

Factory repairs and maintenance 10,500

Total manufacturing overhead _______

Total manufacturing costs for the year _______

Add: Beginning work in progress inventory 15,000

Total cost of work in process during the year _______

Less: Ending work in progress inventory 20,500

Cost of goods manufactured _______

Add: Beginning finished goods inventory 25,500

Cost of goods available for sale _______

Less: Ending finished goods inventory 18,000

Cost of goods sold _______