An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods man

An incomplete cost of goods manufactured schedule is presented below.

Complete the cost of goods manufactured schedule for Sarasota Company.
SARASOTA COMPANY
Cost of Goods Manufactured Schedule

December 31, 2017For the Month Ended December 31, 2017For the Year Ended December 31, 2017 Work in process (1/1) $213,100 Direct materials    Raw materials inventory (1/1) $

   Add: Raw materials purchases 165,650    Total raw materials available for use

   Less: Raw materials inventory (12/31) 26,990 Direct materials used $189,070 Direct labor

Manufacturing overhead    Indirect labor 27,550    Factory depreciation 37,060    Factory utilities 71,560    Total overhead 136,170 Total manufacturing costs

Total cost of work in process

Less: Work in process (12/31) 88,960 Cost of goods manufactured $547,060