Schedule of Cost of Goods Manufactured and sold At December 31,2016, the end of its fiscal year, Lederman Manufacturing Corporation collected the following data for 2016 Materials inventory, January 1 $81,250 Materials inventory, December 31 48,750 Work in process inventory, January 1 97,500 Work in process inventory, December 31 133,250 Finished goods inventory, January 1 165,750 Finished goods inventory, December 31 117,000 Net delivered cost of materials purchased 406,250 Direct labor 481,000 Indirect material 39,000 Indirect labor 120,250 Factory supplies used 32,500 Factory depreciation 211,250 Factory repairs and maintenance 68,250 Selling expenses (total) 201,500 Non-factory administrative expenses (total) 188,500 Prepare a schedule of cost of goods manufactured and sold for Lederman Manufacturing Corporation for the year ended December 31,2016, assuming that there were no other manufacturing overhead items than those listed above. Do not use negative signs with any of your answers. 0 0 0 0 Lederman Manufacturing Corporation Schedule of Cost of Goods Manufactured and Sold For the Year Ended December 31,2016 Direct material: Beginning materials inventory $ 0 0 Cost of material available 0 Less: 0 Total materials used Less: Direct materials used $ Direct labor Manufacturing overhead Indirect material 0 Indirect labor 0 Factory supplies used 0 Factory depreciation 0 Factory repairs and maintenance 0 Total manufacturing overhead Total manufacturing costs for the year Add: Total cost of work in process during the year Less: Cost of goods manufactured Add: Cost of goods available for sale Less: Cost of goods sold $ 0 0 0 0 0 0 0 0 0 0