6 Part 1 of 2 Required information [The following information applies to the questions displayed below.] Crunchem Cereal Company incurred the following actual costs during 20x1. 0.71 points Direct material used Direct labor Manufacturing overhead $275,000 140,000 294,000 eBook The firm's predetermined overhead rate is 210 percent of direct-labor cost. The January 1 inventory balances were as follows: Print References Raw material Work in process Finished goods $32,000 38,000 42,000 Each of these inventory balances was 10 percent higher at the end of the year. Required: 1. Prepare a schedule of cost of goods manufactured for 20x1. CRUNCHEM CEREAL COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x1 Direct material: $ 0 Raw material used $ 0 Total manufacturing costs 0