PROBLEM 2-18 Schedule of Cost of Goods Manufactured; Income s L03, L04, L05, Losi Various cost and sales data for Meriwell Company for the just c year sheet below: quired Prepare an answer she been done in two wa and secon it should Microsoft Excel fkEdt yew hert Fgrmet Tools Data wndow teb 100% E17 1Finished goods inventory, beginning $20,000 2 Finished goods inventory, ending$40,000 $110,000 $105.000 $125,000 $9,000 $6,000 $70,000 9 Work in process inventory, beginning $17,000 Factory la 3 Administrative expenses 4 Manufacturing overhead 5 Purchases of raw materials 6Raw matenals inventory, beginning 7 Raw materials inventory, ending 8 Direct labor To units 2. Total cost 10 Work in process inventory, ending 3. Ass $30.000 $500,000 $80,000 1 Sales 12 Seling expenses 13 are 4. Re Of the $105,000 of manufacturing overhead, $15,000 is variable 15,000 is variable and $90,000 is fix