Work in process (1/1) $210.000

Direct materials

Raw materials inventory (1/1) $ ?

Add; Raw materials purchases 158,000

Total raw materials available for use ?

Less; Raw materials inventory(12/31) 22,500

Direct materials used $ 180,000

Direct labor ?

Manufacturing overhead 18,000

Indirect labor 36,000

Factory depreciation 68,000

Factory utilities 122,000

Total overhead ?

Total manufacturing costs ?

Total cost of work in process 81,000

Less: Work in process (12/31) $540,000

Cost of goods manufactured

Instructions

Complete the cost of goods manufactured schedule for Hobbit Company.