Schedule of Cost of Goods Manufactured and sold At December 31, 2019, the end of its fiscal year, Kelly Metal Products Corporation collected the following data for 2019: Materials inventory. January 1 $32,000 Materials inventory, December 31 22,000 Work in process inventory, January 1 34,000 Work in process inventory, December 31 45,000 Finished goods inventory, January 1 21,000 Finished goods inventory, December 31 18,000 Net delivered cost of materials purchased 210,000 Direct labor 190,000 Indirect material 13,000 Indirect labor 25,000 Factory supplies used 12,000 Factory depreciation 78,000 Factory repairs and maintenance 28,000 Selling expenses (total) Non-factory administrative expenses (total) 57,000 13.000 Prepare a schedule of cost of goods manufactured and sold for Kelly Metal Products Corporation for the year ended December 31, 2019, assuming that there were no other manufacturing overhead items than those listed above Do not use negative signs with any of your answers Kelly Metal Products Corporation Schedule of Cost of Goods Manufactured and sold For the Year Ended December 31, 2019 Direct mat Beginning materials inventory $ 54000 Cost of material available Less Total materials used $ 13000 12000 Direct materials used Direct labor Manufacturing overhead Indirect material Indirect labor Factory supplies used Factory depreciation factory repairs and maintenance Total manufacturing overhet Total manufacturing costs for the year Add Total cost of work in process during the year 78000 20000 Cost of goods manufactured 3 Cost of goods available for sale Cost of goods sold