Prepare the schedule of cost of goods manufactured and the cost of goods sold section of the income statement f Direct Materials Used: Direct Materials Used Year Ended December 31, 2024 (in millions) Total Manufacturing Costs Incurred during the Year Total Manufacturing Costs to Account For Book Cost of Goods Manufactured Now prepare the schedule of cost of goods sold. Cost of Goods Available for Sale Cost of Goods Sold QRS Manufacturing Company Schedule of Cost of Goods Sold Year Ended December 31, 2024 (in millions) Beginning Work-in-Process Inventory Cost of Goods Manufactured Direct Labor Direct Materials Available for Use Ending Direct Materials Ending Finished Goods Inventory Ending Work-in-Process Inventory Gross Margin Manufacturing Overhead Purchases of Direct Materials Total Operating Costs Cost of Goods Available for Sale Cost of Goods Sold Ques 024 (E cost of Compa oods r 31, 2 Data table Direct Materials, January 1 Direct Materials, December 31 Work-in-Process Inventory, January 1 Work-in-Process Inventory, December 31 Finished Goods Inventory, January 1 Finished Goods Inventory, December 31 Direct Materials Purchased, including Freight In Direct Labor Manufacturing Overhead S 7 13 16 14 6 14 37 39 18