Schedule of Cost of Goods Manufactured and Sold The following amounts are available for 2016 for Bishop Manufacturing Company: Administrative salaries (non-factory) $212.500 117,500 Administrative rent (non-factory) Advertising and promotion expense 232.500 192,500 Depreciation-administrative Depreciation factory 237,500 Depreciation-selling 90,000 Direct labor 812,500 a 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 sales expense Work in process inventory january 3230 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 sigos with any of your answers o BI Direct material: Beginning materials inventory $ 0 0 0 OO () 0 VA 0 Cost of material available Less: Total materials used Less: Direct material used Direct labor Manufacturing overhead Indirect material Indirect labor Factory supplies used Factory depreciation Factory rent 0 OOOOOO 0 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 . 0 0 0 0 Cost of goods available for sale 0 Cost of bodo O 1 o