This data is from the records of Moxie Co. for the year ended December 31, 2017 P15-4B Raw Materials Inventory 1/1/17 47,000 7,400 Factory Insurance Raw Materials Inventory 12/31/17 44,200 Factory Mach. Deprec. 7,700 Finished Goods Inventory 1/1/17 85,000 12,900 Factory Utilities Finished Goods Inventory 12/31/17 Office Utilities Expense 57,800 8,600 Work in Process Inventory 1/1/17 9,500 Plant Managers Salary 60,000 Work in Process Inventory 12/31/17 8,000 Factory Property Taxes 6,100 Direct Labor 145,100 Factory Repairs 800 Indirect Labor 18,100 Raw Materials Purchase 62,500 Instructions (a) Prepare a cost of goods manufactured schedule (below) using the data above. (Assume all raw materials used were direct materials.) More Below MOXIE COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2017 Work in process inventory, January 1 Direct Materials: Total Raw Materials Available for Use 109,500 Direct Materials Used Direct Labor Manufacturing Overhead: Total Manufacturing Overhead 113,000 Total Manufacturing Costs Total Cost of Work in Process Less: Work in Process, Dec 31 Cost of Goods Manufactured 324,900