Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Note: Assume all raw materials were used as direct materials. Beginning of Year End of Year $ 8,000 $ 11,500 16,000 12,500 11,000 7,500 Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased Direct labor Factory overhead $ 127,500 96,000 45,000 QS 18-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $45,000 consists of Indirect labor of $22,000, Depreciation expense-Factory of $17,000, and Factory utilities of $6,000. 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 Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials Raw materials inventory, beginning Raw materials purchases $ 8,000 Required A Required B Prepare a schedule of cost of goods manufactured. Schedule of Cost of Goods Manufactured Direct materials Raw materials inventory, beginning $ 8,000 Raw materials purchases Raw materials available for use Less: Raw materials inventory, ending Direct materials used Direct labor Factory overhead Indirect labor Depreciation expense-Factory Factory utilities Total factory overhead Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured $ 0 + 0 0 $ < Required A Required B