$ 144,000 525,000 140,000 16. (8 Points) Xiong Company incurred the following results for the current year: Factory Rent Direct manufacturing labor Sales salaries Factory utilities Corporate administration utilities Direct materials purchases Indirect materials 120,000 60,000 850,000 106,000 90,000 55,000 Indirect labor Advertising expense Inventories for the year were: January 1 December 31 Direct materials 220,000 $ 155,000 Work in process 160,000 128,000 Finished goods 320,000 310,000 a. Prepare a schedule of Cost of Goods Manufactured. Show your work for partial credit.