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The following information is supplied for Lexington Corporation. Work in process, January 1, 20-- $85,000 Materials inventory, January 1, 20-- 47,200 Materials purchases 50,800 Materials

The following information is supplied for Lexington Corporation.

Work in process, January 1, 20-- $85,000
Materials inventory, January 1, 20-- 47,200
Materials purchases 50,800
Materials inventory, December 31, 20-- 48,200
Direct labor 54,700
Factory overhead 21,000
Work in process, December 31, 20-- 64,400

Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--.

Work in process, January 1, 20-- $fill in the blank 1
Direct laborFactory overheadMaterials inventory, December 31, 20--Materials inventory, January 1, 20--Wages $- Select -
Factory overheadMaterials purchasesWagesWork in process, December 31, 20--Work in process, January 1, 20-- - Select -
Materials available for use $fill in the blank 6
Materials inventory, December 31, 20--Materials inventory, January 1, 20--Materials purchasesOverheadWages - Select -
Cost of materials used $fill in the blank 9
Direct laborMaterials inventory, January 1, 20--Materials purchasesSalesWages - Select -
Factory overheadMaterials purchasesSalesWagesWork in process, December 31, 20-- - Select -
Total manufacturing costs fill in the blank 14
Total work in process during the period $fill in the blank 15
Factory overheadMaterials inventory, December 31, 20--Materials inventory, January 1, 20--Materials purchasesWork in process, December 31, 20-- - Select -
Cost of goods manufactured $fill in the blank 18

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