Reference no: EM132463719

Annapolis Company manufactures quality boating apparel. The following selected financial information for the fiscal year 2018 is provided:

Item                                                                       Amount  

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

Question 1: 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.)