Use Excel to work out the problem, then cut and paste your work. Cyles Manufacturing, Inc. provided the following information for the year: Purchases-Raw Materials $250,000 Plant Insurance 24,500 Indirect Materials 31,000 Indirect Labor 15,000 Used Office Supplies 12,000 Ending Balance-Work-in-Process Inventory 52,000 Ending Balance-Raw Materials Inventory 40,000 Direct Labor 292,500 Depreciation on Factory Plant and Equipment 21,000 Beginning Balance-Work-in-Process Inventory 19,000 Beginning Balance-Raw Materials Inventory 56,000 Required: Prepare a proper statement of the cost of goods manufactured