

Cost of Goods Sold $ 183,400 Working Notes: Schedule of Cost of Goods Manufactured For the Year Ended December 31,2017 Direct Material Raw material inventory, january 1,2017 $ 8,700 Add: Purchase of Raw materials $ 98,700 Direct Material avaliable $ 107,400 Less: Raw material inventory, December 31, 2017 $ 7,000 Direct Materials Used Direct Labor $ 100,400 $ 42,700 $ $ $ $ 8,000 10,700 6,600 9,300 Manufacturing Overhaed Factory Rent Factory Utilities Indirect Materials Indirect Labor Total Manufacturing Overhead Total Manufacturing Cost Add: work in process Inventory, January 1,2017 Total Cost of Work in Process Less: work in Process Inventory, December 31, 2017 Cost of Goods Manufactured $ 34,600 $ 177,700 $ 15,000 $ 192,700 $ 13,600 $ 179,100
Schedule of Cost of Goods Sold For the Year Ended December 31,2017 Finished Goods Inventory, January 1,2017 $ Add: Cost of goods Manufactured $ Cost of Goods avaialbel for Sale $ less: Finished Goods Inventory, December 31,2017 $ Cost of Goods Sold $ 16,300 179,100 195,400 12,000 183,400
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