Data table For Specific Date Direct materials inventory, January 1, 2020 Work-in-process inventory, January 1, 2020 Finished goods inventory, January 1, 2020 Direct materials inventory, December 31, 2020 Work-in-process inventory, December 31, 2020 $ 15 7 71 22 6 Data table Finished goods inventory, December 31, 2020 For Year 2020 Purchases of direct materials Direct manufacturing labor Depreciation-plant and equipment Plant supervisory salaries Print Done 52 $ 345 105 65 6 - Data table Miscellaneous plant overhead Revenues 38 940 Marketing, distribution, and customer-service costs 240 Plant supplies used 7 Plant utilities 36 Indirect manufacturing labor 60 Begin by preparing the schedule of cost of goods manufactured (in millions). Start with the direct materials and labor costs, then indirect manufacturing costs, and finally complete the schedule by calculating the cost of goods manufactured. Peterson Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2020 (in millions) Direct materials costs: The Peterson Corporation has the following account balances (in millions): Peterson Corporation Schedule of Cost of Goods Manufactured For the Year Ended December 31, 2020 (in millions) Direct materials costs: The Peterson Corporation has the following account balances (in millions): Direct materials used Direct manufacturing labor costs