17. QRS Manufacturing Company has the following data for 2017 (amounts in millions): 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, 2017 $ 10 Raw Materials Inventory, January 1 Raw Materials Inventory, December 31 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Raw Materials Purchased, including Freight In Direct Labor Manufacturing Overhead Begin by preparing the schedule of cost of goods manufactured QRS Manufacturing Company Schedule of Cost of Goods Manufactured Year ended December 31, 2017 (in millions) 13 34 46 19 Direct Materials Used Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Cost of Goods Manufactured Now prepare the schedule of cost of goods sold. QRS Manufacturing Company Schedule of Cost of Goods Sold Year ended December 31, 2017 (in millions) Cost of Goods Available for Sale Cost of Goods Sold