Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bishop Manufacturing Company: Administrative salaries (non-factory) $340,000 Administrative rent (non-factory) 188,000 Advertising and promotion expense 372,000 Depreciation-administrative 308,000 Depreciation-factory 380,000 Depreciation-selling 144,000 Direct labor 1,300,000 Factory rent 272,000 Factory supplies used 92,000 Finished goods inventory (January 1) 244,000 Finished goods inventory (December 31) 252,000 Indirect material used 108,000 Indirect labor 176,000 Materials inventory (January 1) 88,000 Materials inventory (December 31) 120,000 Net delivered cost of materials purchased 840,000 Other factory overhead 220,000 Sales 3,752,000 Sales salaries expense 284,000 Work in process inventory (January 1) 132,000 Work in process inventory (December 31) 116,000 Using the above data, prepare a schedule of cost of goods manufactured and sold. Do not use negative signs with any of your answers. Bishop Manufacturing Company Schedule of Cost of Goods Manufactured and sold For the Year Ended December 31, 2016 Direct material: Beginning materials inventory $ 88000 0 Cost of material available 0 Less: 0 Total materials used 0 Less: A 0 TA 0 0 Direct material used Direct labor Manufacturing overhead Indirect material 0 Indirect labor 0 0 Factory supplies used Factory depreciation Factory rent 0 O O 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 Oo oo oo - 0 0 0 $ 0