Score: 0 of 1 pt 2 of 2 (1 complete) Hw Score: 46.94%, 0 P2-39 (book/static) Question The Howell Corporation has the following account balances (in millions) (Click the icon to view the account balances.) Requirement Prepare an income statement and a supporting schedule of cost of goods manufactured for the year ended December 31, 2017 Begin by preparing the schedule of cost of goods manufactured (in millions). Start with the direct materials and labor costs, then indirect manufacturing costs, and finally complete the schedule by calculating the cost of goods manufac Howell Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 (in millions) Data Table Direct materials costs For Specific Date For Year 2017 S 15 Purchases of direct materials S 325 100 80 Direct materials inventory, Jan. 1, 2017 Work-in-process inventory, Jan. 1, 2017 Finished goods inventory, Jan. 1, 2017 Direct materials inventory, Dec, 31, 2017 Work-in-process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 10 Direct manufacturing labor 70 Depreciation plant and equipment 20 Plant supervisory salaries Direct materials used 5 Miscellaneous plant overhead 35 950 240 Direct manufacturing labor costs 55 Revenues Marketing, distribution, and customer-service costs Plant supplies used Plant utilities Indirect manufacturing labor 30 60 Print Done Choose from any list or enter any number in the input fields and then click Check