Rocket Company produces small gasoline-powered engines for modelairplanes. Mr. Clemens, Rocket’s CFO, has presented you with thefollowing cost information:
| Direct Materials Inventory, beginning | | $ | 80,000 | |
| Direct Materials Inventory, ending | | $ | 122,000 | |
| Work in Process Inventory, beginning | | $ | 140,000 | |
| Work in Process Inventory, ending | | $ | 95,000 | |
| Direct labor | | $ | 780,000 | |
| Direct materials purchases | | $ | 940,000 | |
| Insurance, factory | | $ | 50,000 | |
| Depreciation, factory | | $ | 22,000 | |
| Depreciation, executive offices | | $ | 15,000 | |
| Indirect labor | | $ | 220,000 | |
| Utilities, factory | | $ | 17,000 | |
| Utilities, executive offices | | $ | 8,000 | |
| Property taxes, factory | | $ | 18,000 | |
| Property taxes, executive offices | | $ | 14,000 | |
Using this cost information, prepare a cost of goods manufacturedschedule for Mr. Clemens.