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Current Attempt in Progress An incomplete cost of goods manufactured schedule is presented here. Complete...

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Accounting

Current Attempt in Progress

An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Shamrock Company. (Assume that all raw materials used were direct materials.)

SHAMROCK COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022

Work in process, January 1

 $235,200

Direct materials

Raw materials inventory, January 1

 ?

Raw materials purchases

 177,600

Total raw materials available for use

 ?

Less: Raw materials inventory, December 31

 26,000

Direct materials used

 $201,600

Direct labor

 enter a dollar amount

Manufacturing overhead

Indirect labor

 20,800

Factory depreciation

 40,000

Factory utilities

 76,800

Total manufacturing overhead

 137,600

Total manufacturing costs

 enter a total amount for the first part

Total cost of work in process

 enter a total amount for all two parts

Less: Work in process, December 31

 90,400

Cost of goods manufactured

 $604,800

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