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. Deginning of Year End of Year Inventories Raw materials inventory Work in process inventory Finished goods inventory Activity during current year Raw materials purchased Direct labor Factory overhead $ 7,800 15,600 12,100 $ 11,100 10,800 7,300 $127,100 95,800 44,400 QS 18-17 (Algo) Schedule of cost of goods manufactured LO P2 Factory overhead of $44,400 consists of Indirect labor of $21,800, Depreciation expense-Factory of $16,800, and Factory utilities of $5,800. a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured.