Homework: Chapter M:2 Homework Question 5, EM2-29 (similar to) > Part 1 of 2 HW Score: 0%, 0 of 5 points O Points: 0 of 1 Save Shaffer 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. Shaffer 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 Beginning Ending 14 17 Finished Goods 7 16 Other information: Sales Revenue Selling and Administrative Expenses Direct Labor Manufacturing Overhead; actual and allocated Direct Materials Used Print Done $ 246 92 22 18 35