The Peterson 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 on i ns). Start with the direct materials and labor costs, then indirect manufacturing costs and finally complete the schedule by calculating the cost of goods manufactured Peterson Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2017 in millions) Direct materials costs: Direct materials used Direct manufacturing labor costs Data Table $ For Specific Date 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 For Year 2017 18 Purchases of direct materials 13 Direct manufacturing labor 75 Depreciation--plant and equipment 25 Plant supervisory salaries 8 Miscellaneous plant overhead 53 Revenues Marketing, distribution, and customer service costs Plant supplies used Plant utilities Indirect manufacturing labor Print Done horiti e s and then click Cher Anwar