View Policies Current Attempt in Progress Fill in the missing information on the cost of goods manufactured schedule of Ivanhoe Manufacturing Company: (Assume all raw materials used were direct materials.) IVANHOE MANUFACTURING COMPANY Cost of Goods Manufactured Schedule $367,200 Work in process inventory (1/1) Direct materials Raw materials inventory (1/1) $ Raw materials purchases 265,680 Raw materials available for use Raw materials inventory (12/31) 39,960 Direct materials used $275,400 Direct labor Manufacturing overhead Indirect labor 20,520 41.040 Factory depreciation Factory utilities 42,120 Total overhead Total manufacturing costs Total cost of work in process Less: Work in process inventory (12/31) 347,760 Cost of goods manufactured $518,400 e Textbook and Media