SWIFTY COMPANY Cost of Goods Manufactured Schedule For the Month Ended December 31, 2017 $220,220 Work in process (1/1) Direct materials Raw materials inventory (1/1) 56,030 Add: Raw materials purchases 164,190 Total raw materials available for use 220220 30,540 Less: Raw materials inventory (12/31) Direct materials used $183,180 Direct labor 37040 Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 25,480 45,000 72,670 143,150 Total manufacturing costs 213720 Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 87,980 $544,910