12. XYZ Manufacturing Company has the following data for 2019 (amounts in millions): (Click the icon to view the information.) Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement for the year ended December 31, 2019. Begin by preparing the schedule of cost of goods manufactured, XYZ Manufacturing Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2019 (in millions) Direct Materials Used: Direct Materials Used 1 Data Table u $ 12 Direct Materials, January 1 8 Direct Materials, December 31 16 22 15 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In 10 26 40 Direct Labor 20 Manufacturing Overhead Print Done