Completing the Cost of Goods Manufactured Schedule for Riverbed Company is as follows:
<h3>Cost of Goods Manufactured Schedule</h3>
Work in process (1/1)                             $222,600
Direct materials:
Raw materials inventory (1/1)                 $ 47,300
Add: Raw materials purchases              168,000
Total raw materials available for use $215,300
Less: Raw materials inventory (12/31)     24,500
Direct materials used                          $190,800
Direct labor                                          $114,500
Manufacturing overhead:
Indirect labor                 19,600
Factory depreciation   37,900
Factory utilities             72,600
Total overhead                                       130,100
Total manufacturing cost                  $658,000
Total cost of work in process           $658,000
Less: Work in process (12/31)                85,600
Cost of goods manufactured            $572,400
<h3>What is the Schedule of Cost of Goods Manufactured?</h3>
The Schedule of Cost of Goods Manufactured shows the costs of:
- Beginning Work in Process
- Raw materials used
- Direct labor
- Overhead
- Less Ending Work in Process.
Thus, the Schedule of Cost of Goods Manufactured for Riverbed Company shows that the cost of goods manufactured for the period is <u>$572,400</u>.
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