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2 es ! @ 2 F2 S Required information [The following information applies to the questions displayed below.] Alexandria Aluminum Company, a manufacturer of recyclable
2 es ! @ 2 F2 S 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 W Raw material Work in process Finished goods. Indirect material Indirect labor Required: 1. Prepare a schedule of cost of goods manufactured. During 20x1, the company purchased $250,000 of raw material and spent $400,000 on direct labor. Manufacturing overhead costs were as follows: Depreciation on plant and equipment Utilities Other #3 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. 80 F3 E D January 1, 20x1 $ 50,000 120,000 160,000 $ ALEXANDRIA ALUMINUM COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x1 4 a F4 R $ 12,000 26,000 100,000 25,000 30,000 F % 5 * 00 8 DII FB ( 9 K F9 O 0 F10 E
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