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

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Accounting

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An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Novak Company, Assume allraw materials are direct materials NOVAK COMPANY Cost of Goods Manufactured Schedule $210,000 Work in process (1/1) Direct materials Raw materials inventory (1/1) $ 1 I Add: Raw materials purchases 158.400 Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used 23,000 $180,000 18.400 Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead 35,800 68,400 122,600 Total manufacturing costs Total cost of work in process 80.800 Less: Work in process (12/31) Cost of goods manufactured $540,000

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