The Following Information Is Supplied for Lexington Corporation

The following information is supplied for Lexington Corporation. Prepare a schedule of cost of goods manufactured for the year ended December 31, 20--. $\begin{array}{lr}\text { Work in process, January } 1,20-- & \$ 85,000 \\\text { Materials inventory, January } 1,20-- & 47,200 \\\text { Materials purchases } & 50,800 \\\text { Materials inventory, December 31, 20-- } & 48,200\\\text { Direct labor } & 54,700 \\\text { Factory overhead } & 21,000 \\\text { Work in process, December } 31,20-- & 64,400\end{array}$