Annapolis Company manufactures quality boating apparel.  The following selected financial information

for the fiscal year 2018 is provided:

Sales

$850,000

Beginning Raw Material Inventory

74,000

Direct Material Purchased

308,000

Factory Overhead

90,000

Finished Goods Inventory – January 1

144,000

Work in Process – January 1

74,000

Work in Process – December 31

98,000

Ending Raw Material Inventory

58,000

Finished Goods Inventory – December 31

168,000

Net Income

65,000

Direct Labor

155,000

Cost of Goods Sold

655,000

Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2018: (Round dollar values & enter as whole dollars only. Properly title your statement.)

 

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