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	$31,250
Materials inventory, December 31	18,750
Work in process inventory, January 1	37,500
Work in process inventory, December 31	51,250
Finished goods inventory, January 1	63,750
Finished goods inventory, December 31	45,000
Net delivered cost of materials purchased	156,250
Direct labor	185,000
Indirect material	15,000
Indirect labor	46,250
Factory supplies used	12,500
Factory depreciation	81,250
Factory repairs and maintenance	26,250
Selling expenses (total)	77,500
Non-factory administrative expenses (total)	72,500

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.

Lederman Manufacturing Corporation Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016
Direct material:
Beginning materials inventory		Answer
AnswerCost of materials purchasedEnding materials inventoryIndirect materials usedBeginning work in process inventoryEnding work in process inventoryBeginning finished goods inventoryEnding finished goods inventory		Answer
Cost of material available		Answer
Less:	AnswerCost of materials purchasedEnding materials inventoryIndirect materials usedBeginning work in process inventoryEnding work in process inventoryBeginning finished goods inventoryEnding finished goods inventory	Answer
Total materials used		Answer
Less:	AnswerCost of materials purchasedEnding materials inventoryIndirect materials usedBeginning work in process inventoryEnding work in process inventoryBeginning finished goods inventoryEnding finished goods inventory	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:	AnswerCost of materials purchasedEnding materials inventoryIndirect materials usedBeginning work in process inventoryEnding work in process inventoryBeginning finished goods inventoryEnding finished goods inventory		Answer
Total cost of work in process during the year			Answer
Less:	AnswerCost of materials purchasedEnding materials inventoryIndirect materials usedBeginning work in process inventoryEnding work in process inventoryBeginning finished goods inventoryEnding finished goods inventory		Answer
Cost of goods manufactured			Answer
Add:	AnswerCost of materials purchasedEnding materials inventoryIndirect materials usedBeginning work in process inventoryEnding work in process inventoryBeginning finished goods inventoryEnding finished goods inventory		Answer
Cost of goods available for sale			Answer
Less:	AnswerCost of materials purchasedEnding materials inventoryIndirect materials usedBeginning work in process inventoryEnding work in process inventoryBeginning finished goods inventoryEnding finished goods inventory		Answer
Cost of goods sold			Answer