Work in process (1/1) Direct materials Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/311 Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead CULVER COMPANY Cost of Goods Manufactured Schedule 184,000 27,000 $208,800 21.600 41,400 79,600 142.600 $243,600 Total raw materials available for use Less: Raw materials inventory (12/31) 27,000 Direct materials used $208,800 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 21,600 41.400 79,600 142,600 93,600 $626,400