COSL 01 SOI. E1.9 (LO 3), AP An incomplete cost of goods manufactured schedule is presented below. Determine missing amounts in cost of goods manufactured schedule. Hobbit Company Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 $210,000 $180,000 ? Work in process (1/1) Direct materials Raw materials inventory (1/1) $ ? Add: Raw materials purchases 158,000 Total raw materials available for use ? Less: Raw materials inventory (12/31) 22,500 Direct materials used Direct labor Manufacturing overhead Indirect labor 18,000 Factory depreciation 36,000 Factory utilities 68,000 Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured Instructions Complete the cost of goods manufactured schedule for Hobbit Company. 122,000 ? ? 81,000 $540,000