Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bishop Manufacturing Company: Administrative salaries (non-factory) $212,500 Administrative rent (non-factory) 117.500 Advertising and promotion expense 232,500 Depreciation-administrative 192.500 Depreciation-factory 237,500 Depreciation-selling 90,000 Direct labor 812.500 Factory rent 170,000 Factory supplies used 57.500 Finished goods inventory (January 1) 152.500 Finished goods inventory (December 31 157.500 Indirect material used 67.500 Indirect labor 110.000 Materials inventory (January 1) 55.000 Materials inventory (December 31) 75,000 Net delivered cost of materials purchased 525,000 Other factory overhead 137.500 Sales 2,345,000 Sales salaries expense 177,500 Work in process inventory Canuary 1) 82.500 Work in process inventory (December 31) 72.500 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 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 $ 0 X Cost of materials purchased OX Cost of material available Less: Ending materials inventory OX Total materials used Less: Indirect materials used Direct material used $ Direct labor Manufacturing overhead Indirect material Indirect labor Factory supplies used OX Factory depreciation Factory rent 0 X Other factory overhead Total manufacturing overhead 0 X Total manufacturing costs for the year OX Add: Beginning work in process inventory . Total cost of work in process during the year Less: Ending work in process inventory Cost of goods manufactured Add: Beginning finished goods inventory OX Cost of goods available for sale Less: Ending finished goods inventory 0 x Cost of goods sold $ 0 X 0 X OX Check You have larg