Final Examination ACT 212 Question 1 (6 Marks) Required: Prepare cost of goods manufactured schedule for April 2020. The following information is available for ABC Company: Summer 1 April 1 April 30 Raw materials inventory $20,000 $28,000 Work in process inventory 10,000 7,000 Materials purchased in April $ 196,000 Direct labor in April 160,000 Manufacturing overhead in April 320,000 Cost of goods manufactured schedule for April 2020 b. C. Question 2 (6 Marks) Required: a. Compute the break-even point in sales using the contribution margin ratio (CMR). Compute the margin of safety ratio assuming actual sales are 1,200,000. Compute the sales required to earn net income of 210,000. LG Company manufactures radios that sell for 45 each. For the coming year, management expects fixed costs to total 330,000 and variable costs to be 27 per unit. 2