Statement of Cost of Goods Manufactured from Percent Relationships Information about Blue Line Products Company for the year ending December 31 follows:

• Sales equal $580,000.
• Direct materials used total $105,000.
• Manufacturing overhead is 200% of direct labor dollars.
• The beginning inventory of finished goods is 25% of the cost of goods sold.
• The ending inventory of finished goods is 1.5 times beginning inventory.
• The gross profit is 20% of sales.
• There is no beginning or ending work-in-process.

Prepare a statement of cost of goods manufactured for the year. (Hint: Prepare an analysis of changes in Finished Goods Inventory.)

Do not use negative signs with any of your answers.

BLUE LINE PRODUCTS COMPANY Statement of Cost of Goods Manufactured For the Year Ending December 31
Current manufacturing costs:
Direct materials	Answer
Direct labor	Answer
Manufacturing overhead	Answer	Answer
Beginning work-in-process		Answer
Total costs in process		Answer
Ending work-in-process		Answer
Cost of goods manufactured		Answer
Analysis of Finished Goods Inventory:
Finished goods, 1/1		Answer
Cost of goods manufactured		Answer
Total goods available for sale		Answer
Finished goods, 12/31		Answer
Cost of goods sold		Answer