22 16 Inter BitCoin Trader k #1 i e SAP ONE Support L YouTube Maps M Gmail PP-NEO Narrative Saved Help Save & Exit Submit Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20x1. Inventory Classification Work in process Raw material January 1, 20x1 December 31, 20x1 $ 55,000 120,000 140,000 $ 70,000 115,eee 165,000 Finished goods During 20x1, the company purchased $260,000 of raw material and spent $400,000 on direct labor. Manufacturing overhead costs were as follows: Indirect material Indirect labor Depreciation on plant and equipment Utilities Other $ 10,000 26,000 100,000 25,000 30,000 Sales revenue was $1,113,000 for the year. Selling and administrative expenses for the year amounted to $110,000. The firm's tax rate is 40 percent Lenovo Exercise 2-29 Part 1 Required: 1. Prepare a schedule of cost of goods manufactured. ALEXANDRIA ALUMINUM COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x1 Direct material: Manufacturing overhead: Manufacturing overhead: Total manufacturing overhead Total manufacturing costs Subtotal Cost of goods manufactured 0 $ 0