College Accounting: E26-2A The following information is supplied for Morales Mining and

College Accounting
E26-2A Schedule of cost of goods Manufactured.
The following information is supplied for Morales Mining and Manufacturing Company. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. Assume that all materials inventory items are direct materials.
Work in process, January 1 70,000
Materials inventory, January 1 28,000
Materials purchases 32,000
Materials inventory, December 31 24,000
Direct labor 44,000
Overhead 18,000
Work in process, December 31 56,000
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