Cornelius Company produces women's clothing. During the year, the company incurred the following costs: $ 405,500 351,000 Factory rent Direct labor Utilities-factory Purchases of direct materials 44,800 597,500 80,450 70,200 Indirect materials Indirect labor Inventories for the year were as follows: .ces January 1 $ 33,500 49,250 152,000 December 31 Materials $ 52,750 43,400 84,350 Work-in-Process Finished Goods Required: 1&2. Prepare a statement of cost of goods manufactured and calculate cost of goods sold. Direct materials Materials available Materials used ok Factory overhead int ences Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods sold Mc 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