$ Inventories Direct materials Work in process Finished goods January 01 December 31 47,000 $ 58,500 67,000 59,000 70,000 62,000 Advertising expense Depreciation expense-office equipment Depreciation expense-factory equipment Direct labor Heat, light, and power-factory Indirect labor Direct materials purchased during the year Office salaries expense Property taxes-factory Property taxes-headquarters building Rent expense-factory Sales Sales salaries expense Supplies cost-factory Miscellaneous cost-factory $ 42,500 13,800 9,000 115,000 3,600 14,400 76,000 46,800 2,500 8,400 4,000 529,000 82,500 3,000 2,000 (2) Prepare the 2020 schedule of cost of goods manufactured using the following format. (26 points) Work in process, January 01, 2020 Direct materials Beginning direct materials Direct materials purchased during the year Cost of direct nuterials available for use Less ending direct materials Cost of direct materials used during the year Direct labor Factory overhead Total factory overhead Total manufacturing costs incurred during the your Total manufacturing costs from previous and current year Less work in proces, December 31.2020 III Cost of goods manufactured during the year