P2-39 (similar to) The Smith 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 Ending inventory, Dec. 31, 2017 Direct materials used 303 Direct manufacturing labor costs Indirect manufacturing costs: Depreciation-plant and equipment Plant supervisory salaries Miscellaneous plant overhead Plant supplies used Plant utilities Indirect manufacturing labor Total indirect manufacturing costs Manufacturing costs incurred during 2017 Beginning work-in-process inventory, Jan 1, 2017 Total manufacturing costs to account for Ending work-in-process inventory, Dec 31, 2017 Cost of goods manufactured * 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 15 Purchases of direct materials 12 Direct manufacturing labor 74 Depreciation--plant and equipment 27 Plant supervisory salaries 4 Miscellaneous plant overhead 59 Revenues Marketing, distribution, and customer-service costs Plant supplies used Plant utilities Indirect manufacturing labor Print Done