Rocket Company produces small gasoline-powered engines for model airplanes. Mr. Clemens, Rocket’s CFO, has presented you with the following cost  information:

Direct Materials Inventory, beginning . . . . . . . . . . . . . . $64,000

Direct Materials Inventory, ending . . . . . . . . . . . . . . . .  $47,000

Work in Process Inventory, beginning . . . . . . . . . . . . .  $28,000

Work in Process Inventory, ending . . . . . . . . . . . . . . .   $23,000

Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . .  $156,000

Direct materials purchases . . . . . . . . . . . . . . . . . . . . . . $220,000

Insurance, factory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   $43,000

Depreciation, factory . . . . . . . . . . . . . . . . . . . . . . . . . . .    $19,000

Depreciation, executive offices . . . . . . . . . . . . . . . . . .     $12,000

Indirect labor . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . .      $15,000

Utilities, factory . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . .       $16,000

Utilities, executive offices . . . . . . . . . . . . . . . . . . . . . .         $7,000

Property taxes, factory . . . . . . . . . . . . . . . . . . . . . . . .        $13,000

Property taxes, executive offices . . . . . . . . . . . . . . . .        $8,000

Required

Using this cost information, prepare a cost of goods manufactured schedule for Mr. Clemens.