Supply the missing information on the following schedule of cost of goods manufactured and sold:
HAMLET CORPORATION
Schedule of Cost of Goods Manufactured and Sold
For the Year Ended December 31, 2018
Raw materials
Beginning inventory.......................................................... $ 60,000
Plus: Purchases......................................................................... ?
Raw materials available for use............................................. 340,000
Minus: Ending raw materials inventory.............................................?
Cost of direct raw materials used........................................... 310,000
Direct labor..................................................................... 240,000
Manufacturing overhead............................................................. ?
Total manufacturing costs................................................... 750,000
Plus: Beginning work in process inventory....................................... ?
Total work in process during the year...................................... 786,000
Minus: Ending work in process inventory.................................(36,000)
Cost of goods manufactured........................................................ ?
Plus: Beginning finished goods inventory........................................ ?
Finished goods available for sale.......................................... 798,000
Minus: Ending finished goods inventory..........................................?
Cost of goods sold..........................................................$756,000