Statement of Cost of Goods Manufactured The Mondale Corporation has the following accounts (in millions of dollars):

Selling and administrative expenses $100 Work in process, December 31, 19_1 10 Factory supplies used 10 Direct materials, December 31, 192 20 Factory utilities 30 Finished goods, December 31, 19_2 55)

Indirect labor 60 Work in process, December 31, 19 2 5 Purchases of direct materials 125 Direct labor 200 Depreciation—factory building and equipment 80 Factory supervisory salaries fs)

Miscellaneous factory overhead 35 Sales 700 Finished goods, December 31, 191 70 Direct materials, December 31, 19_1 15 Income statement and a schedule of cost of goods manufactured for the year ended December 31, 19_2. (For additional questions regarding these facts, see the next problem.) lp1