Question: 3. Use the information below for the year ended December 31, 2014, to prepare the statement of cost of goods manufactured. Beginning $32,600 41,200 Inventories

3. Use the information below for the year ended December 31, 2014, to prepare the statement of cost of goods manufactured. Beginning $32,600 41,200 Inventories Materials inventory Work in process inventory Direct materials purchased Total direct labor costs Total indirect labor costs Utilities Depreciation Small tools Factory insurance Ending $ 32,500 41,800 168,000 245,200 52,100 27,300 35,000 2,500 1,600 Factory supervision Miscellaneous overhead costs 45,200 7,200

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