An incomplete cost of goods manufactured schedule is presented below. Complete the cost of goods manufactured schedule for Sheffield Company. Assume all raw materials are direct materials. SHEFFIELD COMPANY Cost of Goods Manufactured Schedule Work in process (1/1) $235,200 Direct materials Raw materials inventory (1/1) Add: Raw materials purchases 177,600 Total raw materials available for use Less: Raw materials inventory (12/31) 26,000 Direct materials used Direct labor Manufacturing overhead $201,600 !!! www Manufacturing overhead Indirect labor Factory depreciation Factory utilities Total overhead Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 20,800 40,000 76,800 137,600 90,400 $604,800