please answer with the labels and descriptions listed below please. im not too good at this and need detailed explanation.

thank you

w.w. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for S400 each. Philips had 500 recliners in finished goods inventory at the beginning of the year. At the end of the year, there were 700 recliners in finished goods inventory. Phillips' accounting records provide the following information: Purchases of raw materials Beginning materials inventory Ending materials inventory Direct labor Indirect labor Rent, factory building Depreciation, factory equipment Utilities, factory Salary, sales supervisor Commissions, salespersons General administration Beginning work-in-process inventory Ending work-in-process inventory Beginning finished goods inventory Ending finished goods inventory $320,000 46,800 66,800 200,000 40,000 42,000 60,000 11,900 90,000 180,000 300,000 13,040 14,940 80.000 114,100 Refer to the list below for the exact wording of a label or an amount description within your statements. Labels Add Less Manufacturing overhead Selling expenses Amount Descriptions Beginning work in process Commissions Cost of goods manufactured Cost of goods sold Depreciation, factory equipment Direct materials Direct labor Ending work in process General administration expense Gross margin Indirect labor Operating income Indirect labor Operating income Operating loss Rent, factory building Sales Sales supervisor's salary Total cost of product Utilities, factory Cost of Goods Manufactured 1. Prepare a statement of cost of goods manufactured. Refer to the list of Labels and Amount Descriptions for the exact wording of text iterns within your statement. If an amount is negative, first enter a minus (-) sign. W. W. Phillips Company Statement of Cost of Goods Manufactured For Last Year 1 Cost of goods manufactured 2 Add direct materials purchased $46,800.00 320,000,00 4 Less $66,800.00 300,000.00 Direct labor 6 Add 7 Manufacturing overhead # Add Beginning work in process 10 11