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Hanson Company has the following information for the year ended December 31, 2024. (Click the icon to view the information.) Use the information to

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Hanson Company has the following information for the year ended December 31, 2024. (Click the icon to view the information.) Use the information to prepare a schedule of cost of goods manufactured and an income statement. Assume no indirect materials are used and all amounts are shown in millions. Begin by preparing a schedule of cost of goods manufactured. Hanson Company Schedule of Cost of Goods Manufactured Year Ended December 31, 2024 (in millions) Cost of Goods Manufactured Data table Inventory balances: Work-in-Process Finished Goods Other information: Beginning Ending 12 17 8 16 Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead; actual and allocated Direct Materials Used - 22225 310 92

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