$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|\}\backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$FRAME$-$IT COMPANY$\}\backslash \backslash \backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Budgeted Schedule of Cost of Goods Manufactured and Sold$\}\backslash \backslash \backslash$hline $\backslash$multicolumn$\{5\}\{|$c$|\}\{$For the Year Ended December $31,20$x$1\}\backslash \backslash \backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Direct material:$\}\backslash \backslash \backslash$hline Raw$-$material inventory, $1/1/$x$1$ & & & $\backslash$$ & $173,280\backslash \backslash \backslash$hline Add: Purchases of raw material & & & & $6,127,200\backslash \backslash \backslash$hline Raw material available for use & & & $\backslash$$ & $6,300,480\backslash \backslash \backslash$hline Less: Raw$-$materials inventory, $12/31/$x$1$ & & & & $\backslash \backslash \backslash$hline Raw material used & & & & $\backslash \backslash \backslash$hline Direct labor & & & & $1,745,600\backslash \backslash \backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Production overhead:$\}\backslash \backslash \backslash$hline Indirect material & $\backslash$$ & $87,280$ & & $\backslash \backslash \backslash$hline Indirect labor & & $331,520$ & & $\backslash \backslash \backslash$hline Other overhead & & $310,000$ & & $\backslash \backslash \backslash$hline Depreciation & & $144,000$ & & $\backslash \backslash \backslash$hline Total production overhead & & & & $872,800\backslash \backslash \backslash$hline Cost of goods manufactured & & & $\backslash$$ & $8,688,000\backslash \backslash \backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Add: Finished$-$goods inventory, $1/1/$x$1\}\backslash \backslash \backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Cost of goods available for sale$\}\backslash \backslash \backslash$hline Less: Finished$-$goods inventory, $12/31/$x$1$ & & & & $\backslash \backslash \backslash$hline $\backslash$multicolumn$\{5\}\{|$l$|\}\{$Cost of goods sold$\}\backslash \backslash \backslash$hline $\backslash$end$\{$tabular$\}$