Question 2 (2,0 marks). Davis Corp., a lamp manufacturer, provided the following information for the year ended December 31, 2016: Inventories Beginning Ending Raw Materials Inventory $55,000 $22,000 Work-in-Process Inventory 105,000 63,000 Finished goods 42,000 48,000 Other information Depreciation, plant building and equipment $15,000 Purchases of Raw Materials 156,000 Insurance on plant Sales salaries 21,000 44,000 Repairs and maintenance-plant 6,000 Indirect labor 30,000 Direct Labor 129,000 Administrative expenses 60,000 Required: Use the information to prepare a schedule of cost of goods manufactured.