The following information is provided for WWE Manufacturing Company. Assume that all materials inventory items are direct materials. $14.000 21,000 13,000 11,500 Materials inventory, January 1 Materials purchases for the year Materials inventory, December 31 Direct labor for the year Factory overhead for the year Work in process, January 1 Work in process, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 6,500 20,000 15,000 32,000 26,000 13,000 11,500 6,500 Materials inventory, December 31 Direct labor for the year Factory overhead for the year Work in process, January 1 Work in process, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 20.000 15,000 32,000 26.000 Required: 1. Prepare a schedule of cost of goods manufactured for the company for the year ended December 31, 20-.. 2. Prepare the related cost of goods sold section of the income statement for the company for the year ended December 31, 20- WWE Manufacturing Company Schedule of Cost of Goods Manufactured For Year Ended December 31, 20.-- 1 2 3 4 5 6 7 4 6 7 8 9 10 12 WWE Manufacturing Company Income Statement (Partial) For Year Ended December 31, 20- 1 (Label) 2 3 4 5 6