$ 225 Direct labor....................................................................... $ 245 Manufacturing overhead.................................................... $ 265 Administrative expenses.................................................... $ 150 Selling expenses................................................................ $ 140 Raw materials inventory, beginning..................................... $ 15 Raw materials inventory, ending......................................... $ 45 Work-in-process inventory, beginning................................. $ 20 Work-in-process inventory, ending..................................... $ 55 Finished goods inventory, beginning................................... $ 100 Finished goods inventory, ending....................................... $ 135 Required: Prepare a Schedule of Cost of Goods Manufactured in the text box below. 2. Question:( TCO F) The Illinois Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 150,000 75 % 55 % Work in process, Jun 30 145,000 85 % 75 % The department started 475,000 units into production during the month and transferred 480,000 completed units to the next department.