Cornelius Company produces women's clothing. During the year, the company incurred the following costs: Factory rent Direct labor Utilities-factory Purchases of direct materials Indirect materials Indirect labor $ 380,000 300,000 38,000 555,000 66,000 60,000 Inventories for the year were as follows: Materials Work-in-Process Finished Goods January 1 $ 25,000 45,000 135,000 December 31 $ 40,000 40,000 75,000 Required: 182. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. Cornelius Company Statement of Cost of Goods Manufactured and Sold For the Year Ended December 31 Direct materials Required: 1&2. Prepare a statement of cost of goods manufactured and calculate cost of goods solo Cornelius Company Statement of Cost of Goods Manufactured and Sold For the Year Ended December 31 Direct materials Materials available LISTA Materials used Factory overhead PS. Por Total factory overhead Total manufacturing costs Total manufacturing costs to account for Materials used Factory overhead - Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods sold - Cost of goods available for sale Cost of goods sold