Reference no: EM132598511

Question - 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

Use this information to prepared a detailed Schedule of Costs of Goods Manufactured for FY 2018?