Use the Information Below for the Year Ended December 31,20xx,to

Use the information below for the year ended December 31,20xx,to prepare the statement of cost of goods manufactured.
$\begin{array}{lr}\text { Inventories } & \text { Beginning } & \text { Ending }\\\text { Materials inventory } & \$ 41,000 & \$ 51,000 \\\text { Work in process inventory } & 62,000 & 78,000 \\\text { Direct materials purchased } & & 258,000 \\\text { Total direct labor costs } & & 372,000 \\\text { Total indirect labor costs } & & 67,000\\\text { Utilities } && 41,000 \\\text { Depreciation } && 54,000 \\\text { Small tools } && 5,000 \\\text { Factory insurance } && 3,000 \\\text { Factory supervision } && 66,000 \\\text { Miscellaneous overhead costs } && 11,000\end{array}$