Requirements: Prepare the schedule of cost of goods manufactured and cost of goods sold. Data: Raw Materials Inventory, Jan. 1 $10 Raw Materials Inventory, Dec. 31 4 Work-in-Process Inventory, Jan. 1 15 Work-in-Process Inventory, Dec. 31 22 Finished Goods Inventory, Jan. 1 11 Finished Goods Inventory, Dec. 31 14 Raw Materials Purchased, incl. freight 30 Direct Labor 40 Manufacturing (factory) Overhead 30 Schedule of Costs of Goods Manufactured Year Ended December 31, 2018 Beginning Work-in-Process 69 Direct Materials Used: Beginning Raw Materials Inventory S Purchased of Raw Materials (freight included) Raw Materials Available for Use Ending Raw Material Inventory Direct Materials Used $ 36 Direct Labor Manufacturing (factory) Overhead Total Manufacturing Costs Incurred during the year 106 Total Manufacturing Costs to Account For Ending Work in Progress Inventory Cost of Goods Manufactured S 99 Schedule of Cost of Goods Sold Year Ended December 31, 2018 Beginning Finished Goods Inventory S 11 Cost of Goods Manufactured Cost of Goods Available for Sale 2 Ending Finished Goods Inventory Cost of Goods Sold S 96