! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Assume the raw materials inventory account is used only for direct materials. Note: Assume all raw materials were used as direct materials. Beginning of Year End of Year Inventories Raw materials inventory Work in process inventory Finished goods inventory $ 7,400 14,800 11,300 $ 10,300 10,400 6,900 Activity during current year Raw materials purchased $ 126,300 Direct labor 95,400 Factory overhead 43,200 S40Inaabad.eeseeet aseede manufactured ID Factory overhead of $43,200 consists of Indirect labor of $21,400, Depreciation expense-Factory of $16,400, and Factory utilities of $5,400. a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured. Complete this question by entering your answers in the tabs below. Required A Required B Compute total manufacturing costs. Total manufacturing costs Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials Raw materials available for use s Factory overhead Total factory overhead Cost of goods manufactured