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CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in process (1/1) $212,500 Direct materials Raw materials inventory, (1/1) Raw materials purchases Total raw materials available for use Less: Raw materials inventory (12/31) 166,000 17,800 Direct materials used Direct labour Manufacturing overhead $188,000 Indirect labour Factory depreciation Factory utilities Total manufacturing overhead 15,500 36,400 68,000 119,900 Total manufacturing costs Total cost of work in process Less: Work in process (12/31) Cost of goods manufactured 80,200 $550,500

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CEPEDA MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Year Ended December 31, 2020 Work in Process (1/1) Direct Material Raw materials inventory, (1/1) Raw materials purchase Total raw materials available for use Less: Raw materials inventory (12/31) Direct materials used Direct Labour Manufacturing Overhaed Indirect Labour Factory depreciation Factory Utilities Total Manufacturing Overhead Total Manufacturing Cost Total cost of work in process Less: Work in process (12/31) Cost of Goods Manufactured S 212,500 S 39,800 S 166,000 S 205,800 S 17,800 S 188,000 S 110,300 S 15,500 S 36,400 S 68,000 S 119,900 S 418,200 S 630,700 S 80,200 S550,500Working Notes: Total Cost of work in process Cost of Goods manufactured+Work in process (12/31) Total Manufacturing Cost Total cost of work in process +Work in Process (1/1) Direct Labor Total Manufacturing cost - Direct materials manufacturing overhead -S550,500+$80,200 S630,700 - $630,700-$212,500 S418,200 -S418,200-$188,000-$119,900 $110,300 Total Raw materilas available for use Direct materilas used + Raw materials inventory (12/31) - $188,000+$17,800- S205,800 Raw Materials Inventory (1/ 1) Total raw materials available for use-Raw materials purchase - $205,800-$166,000 S39,800

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