2 Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] Note: Assume all raw materials were used as direct materials. Beginning End of ince of Year Year Inventories Raw materials $ $ 6,200 inventory 7,900 Work in process 12,400 9,200 inventory Finished goods 8,900 5,700 inventory Activity during current year Raw materials $ purchased 123,900 Direct labor 94,200 Factory overhead 39,600 QS 14-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $39,600 consists of Indirect labor of $20,200, Depreciation expense-Factory of $15,200, and Factory utilities of $4,200. a. Compute total manufacturing costs b. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required Required A B Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials Raw materials inventory, beginning $ 6,200 Raw materials purchases Raw materials available for use 123,900 Less: Raw materials inventory, ending 7,900 Direct materials used $ (7,900) Direct labor Factory overhead Indirect labor $ 20,200 Depreciation expense-Factory Factory utilities 15,200 4,200 Total factory overhead 39,600 Total manufacturing costs Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured 0 $ 0 Regulcedi