Exercise 15-9 Your answer is partially correct. Try again An incomplete cost of goods manufactured schedule is presented below Complete the cost of goods manufactured schedule for Hobbit Company HOBBIT COMPANY Cost of Goods Manufactured Schedule For the Month Ended December 31, 2017 Work in process (1/1) Direct materials $213,100 Raw materials inventory (1/1) Add: Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 50,410 165,650 216,060 26,990 Direct materials used Direct labor Manufacturing overhead $189,070 97,780 Indirect labor Factory depreciation Factory utilities Total overhead 27,550 37,060 71,560 136,170 Total manufacturing costs 423,020 Total cost of work in process Less: Work in process (12/31) Cost of goods manufacturec 636,020 88,960 $547,060