Question: Three requirements , filling out the tables with SOLUTION STEPS . Please dont answer without the steps . Thank you Required information The following information

Three requirements , filling out the tables with SOLUTION STEPS . Pleasedont answer without the steps . Thank you Required information The followinginformation applies to the questions displayed below. Alexandria Aluminum Company, a manufacturerof recyclable soda cans, had the following inventory balances at the beginningThree requirements , filling out the tables with SOLUTION STEPS . Please dont answer without the steps . Thank you

Required information The following information applies to the questions displayed below. Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20x1 Inventory Classification Raw material Work in process Finished goods January 1, 20x1 $ 50,006 120,000 150,000 December 31, 20x1 $ 70,000 115,000 165,000 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 25,000 100,000 25,000 30,000 Sales revenue was $1,114,000 for the year. Selling and administrative expenses for the year amounted to $110,000. The firm's tax rate is 40 percent

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