Complete the cost of goods manufactured schedule for Hobbit Company. Work in process (1/1) Direct materials...

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Complete the cost of goods manufactured schedule for Hobbit Company. 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 (12/31) Direct materials used Direct labor HOBBIT COMPANY Cost of Goods Manufactured Schedule 164.500 30.580 $186,060 $214,690 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 19,810 37,840 68,470 126,120 90,080 $550,770 Complete the cost of goods manufactured schedule for Hobbit Company. 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 (12/31) Direct materials used Direct labor HOBBIT COMPANY Cost of Goods Manufactured Schedule 164.500 30.580 $186,060 $214,690 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 19,810 37,840 68,470 126,120 90,080 $550,770

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