Schedule of Cost of Goods Manufactured and Sold At December 31,2016, the end of its fiscal year, Kelly Metal Products Corporation collected the following data for 2016 Materials inventory, January 1 $128,000 Materials inventory, December 31 88,000 Work in process inventory, January 1 136,000 Work in process inventory, December 31 180,000 Finished goods inventory, January 1 84,000 Finished goods inventory, December 31 72,000 Net delivered cost of materials purchased 840,000 Direct labor 540,000 Indirect material 52,000 Indirect labor 100,000 Factory supplies used 48,000 Factory depreciation 312,000 Factory repairs and maintenance 112,000 Selling expenses (total) 252,000 Non-factory administrative expenses (total) 228,000 Prepare a schedule of cost of goods manufactured and sold for Kelly Metal Products 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. Kelly Metal Products Corporation Schedule of Cost of Goods Manufactured and sold For the Year Ended December 31,2016 Direct material: $ Beginning materials inventory Cost of material available o olo olo o Less: . Total materials used Less: $ 0 0 0 0 0 0 0 Direct materials used Direct labor Manufacturing overhead Indirect material Indirect labor Factory supplies used Factory depreciation Factory repairs and maintenance 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 Olo olo olo olo olo . $