Please solve the below problem.

CLICK HERE TO REVIEW LEARNING OBJEC QUESTION 1 Partiatly correct Mark 1.80 out of 3.00 P Flag question Schedule of Cost of Goods Manufactured and Sold At December 31,2016, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2016 Materials inventory. January 1 56,250 33,750 67,500 92,250 114,750 81,000 281,250 333,000 27,000 83,250 22,500 46,250 7,250 39,500 130,500 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 Net delivered cost of materials purchased Direct labor Indirect material Indirect labor Factory supplies used Factory depreciation Factory repairs and maintenance Selling expenses (total Non-factory administrative expenses (total) Prepare a schedule of cost of goods manufactured and sold for Lederman Manufacturing Corporation for the year ended December 31,2016, assuming that there were no other manufacturing overhead items than those listed above. Do not use negative signs with any of your answers Lederman Manufacturing Corporation Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 Direct material: $ 56,250 281,250 337,500 33,750 Beginning materials inventory Cost of materials purchased Cost of material available Ending materials inventory Less: 303,750 Total materials used 27,000 Indirect materials used Less: Direct materials used Direct labor Manufacturing overhead 27,000 Indirect material 83,250 22.500 | 146,250 Indirect labor Factory supplies used Factory depreciation 146,250 w ractory aepreciation 47,250 Factory repairs and maintenance Total manufacturing overhead Total manufacturing costs for the year Add: Beginning work in process inventory Total cost of work in process during the year Less: Ending work in process inventory Cost of goods manufactured Add: Beginning finished goods inventory Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold