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Your answer is incorrect. An incomplete cost of goods manufactured schedule is presented here. Complete the cost of goods manufactured schedule for Metlock Company. (Assume that all raw materials used were direct materials.) METLOCK COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2022 Work in process, January 1 Direct materials Raw materials inventory, January 1 $ Raw materials purchases 136,000 Total raw materials available for use Less: Raw materials inventory. December 31 19,500 Direct materials used Direct labor Manufacturing overhead Indirect labor 15,600 $154,800 Question 11 of 13 Raw materials purchases Total raw materials available for use Less: Raw materials inventory, December 31 Direct materials used Direct labor Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total manufacturing overhead Total manufacturing costs Total cost of work in process Less: Work in process, December 31 Cost of goods manufactured 136,000 19.500 15,600 30,900 58,600 $154,800 105,100 0/1 E $ aterials purchases aw materials available for use aw materials inventory, December 31 materials used ibor turing overhead tlabor y depreciation y utilities anufacturing overhead inufacturing costs st of work in process ork in process, December 31 goods manufactured 136,000 19.500 15.600 30,900 58,600 $154,800 105,100 0/1 III 69,600 $464,400

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