Supply the missing information on the following schedule of cost of goods manufactured and sold:
HAMLET of Cost of Goods Manufactured and Sold
For the Year Ended December 31, 2018
Raw materials
Beginning inventory…………………………………………………. $ 60,000
Plus: Purchases………………………………………………………………. ?
Raw materials available for use……………………………………… 340,000
Minus: Ending raw materials inventory………………………………………?
Cost of direct raw materials used……………………………………. 310,000
Direct labor…………………………………………………………… 240,000
Manufacturing overhead……………………………………………………. ?
Total manufacturing costs…………………………………………… 750,000
Plus: Beginning work in process inventory………………………………… ?
Total work in process during the year……………………………….. 786,000
Minus: Ending work in process inventory……………………………(36,000)
Cost of goods manufactured……………………………………………….. ?
Plus: Beginning finished goods inventory…………………………………. ?
Finished goods available for sale…………………………………… 798,000
Minus: Ending finished goods inventory……………………………………?
Cost of goods sold………………………………………………….$756,000
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