Start by clearing the entire main camp of all of the objects that can be destroyed.
Then press the button.
Leave Oin in here and switch to Bilbo.
This will allow Oin to reach that ledge.
Select Nori or Oin, stand at the new ledge and press the appropriate button.
Switch to the other of the dwarves and climb onto the character at the cliff.
Finally, cut to Bilbo.
The purpose of this action is to reach the ledge above.
Just like earlier, start by destroying the objects on the right.
This will allow Bilbo to unlock the manhole, which the dwarves are going to use.
This way, they will reach the ledge.
Now, use the axe to destroy the cracked slab.
Hold down the indicated key/button, for build a ladder.
Select any character, stand next to the right end of the ladder and press the appropriate key.
After that character picks up the ladder, switch to another character.
Approach the left end of the ladder and press the required key/button, again.
Now, you only need to carry the ladder over slightly to the left.
At this point, the party will be joined by Bifur.
Approach the cliff and press the indicated key/button.
Finally, select Bilbo and start climbing over the dwarves, who have created a tall wall.
As a reward for this, you will reach the top ledge.
Approach one of the horses, stand in the center of the blue circle and press the appropriate key/button.
The game will soon start another cutscene and the second part of this stage will start.
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