POINT VALUE 2. Use the information below for the year ended December 31, 2016, to prepare the statement of cost of goods manufactured. Beginning $32.300 40,500 Inventories Materials inventory Work in process inventory Direct materials purchased Total direct labor costs Total indirect labor costs Utilities Depreciation Small tools Factory insurance Factory supervision Miscellaneous overhead costs Ending $ 33,900 41.900 158,300 231,300 45,200 27.100 36,200 3,100 1,800 39,500 6,200