Crunchem Cereal Company incurred the following actual costs during 20x4.

Required:
1. Prepare a schedule of cost of goods manufactured for 20x4.
2. What was the cost of goods sold for the year?

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Direct material used.. Direct labor.... Manufacturing overhead $412,500 180,000 378,000 The firm's predetermined overhead rate is 210 percent of direct-labor cost. The January 1 inventory bal- ances were as follows: Raw material... Work in process Finished goods $45,000 58,500 63,000