Your answer is partially correct. An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Pronghorn Company. Assume all raw materials are direct materials. PRONGHORN COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 Work in process (1/1) $ 218,400 Direct materials Raw materials inventory (1/1) $ 46400 Add: Raw materials purchases 164,800 Total raw materials available for use 211200 Less: Raw materials inventory (12/31) 24,000 Direct materials used $ 187,200 Direct labor 477600 use Less: Raw materials inventory (12/31) 24,000 Direct materials used $ 187,200 Direct labor 477600 Manufacturing overhead Indirect labor 19,200 Factory depreciation 37,200 Factory utilities 71,200 Total overhead 127,600 Total manufacturing costs 427200 Total cost of work in process 762400 Less: Work in process (12/31) 84,000 Cost of goods manufactured $ 561,600 e Textbook and Media Save for Later Attempts: 3 of 5 used Submit