Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20x1. January 1, 20x1 $ 50,000 120,000 170,000 December 31, 20x1 Inventory Classification $70,000 115,000 165,000 Raw material Work in process Finished goods During 20x1, the company purchased $250,000 of raw material and spent $400,000 on direct labor. Manufacturing overhead costs were as follows: Indirect material 8,000 25,000 100,000 26,000 30,000 Indirect labor Depreciation on plant and equipment Utilities Other $1,115,000 for the year. Selling and administrative expenses for the year amounted to $110,000. The Sales revenue was firm's tax rate is 40 percent 1. Prepare a schedule of cost of goods manufactured. ALEXANDRIA ALUMINUM COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x1 Direct material Manufacturing overhead: Total manufacturing overhead 0 $ Total manufacturing costs 0 Subtotal Cost of goods manufactured EA