Alexsandar Company provided the following accou materials are used in production as direct materials Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in proces Total actual manufacturing overhead costs Inventory balances at the beginning and end of the Beginning of Year En S 61.500S Raw materials Work in process Finished goods $ 37 500 The total manufacturing costsl for the year were 5690 $730.000) the unadd iusted cost of ooods sold totalerd account balances for the year ended December 31 (all ravw materials): lowing irect $222,000 $ 268,000 work in process d costs $156,000 $341,000 $369,000 and end of the year were as follows: eginning of Year 61,500 S30,500 End of Year $ 31,500 5 37,500 e year were $690,000; the cost of goods available for sale totaled oods sold totaled $665,500; and the net operating income was $41,500 erapplied overhead is closed entirely to cost of goods sold. (Hint schedule of cost of goods sold first followed by the schedule of cost of oods manufactured Alexsandar Company ule of Cost of Goods Manufactured Total actual manufacturing overhead costs Inventory balances at the beginning and end of the y Beginning of Year Raw materials Work in process Finished goods End 61,500 $3 ?$3 thulmtistt $ 37,500 The total manufacturing costs for the year were $690, $730,000; the unadjusted cost of goods sold totaled S The company's overapplied or underapplied overhead Prepare the income statement and schedule of cost of goods manufactured.) Required: a. Prepare a schedule of cost of goods manufactured Alexsandar Com Schedule of Cost of Goods For the Year Ended De Direct Materials Required: a. Prepare a schedule of cost of goods manufactured ndar Schedule of Cost of Goods Manufactured For the Year Ended December 31 Direct Materials: Total raw materials available Raw materials used in production Total manufacturing cost Cost of goods manufactured b. Prepare a schedule of cost of goods sold Alexsandar Company Schedule of Cost of G0ods Sold For the Year Ended December b. Prepare a schedule of cost of goods sold Alexsandar Company Schedule of Cost of Goods Sold For the Year Ended December 31 Adjusted cost of goods sold c. Prepare an income statement for the year Alexsandar Company Income Statement For the Year Ended December 31 Adjusted cost of goods sold c. Prepare an income statement for the year. Alexsandar Company Income Statement For the Year Ended December 31 Selling and administrative expenses: ReferenceseBook & Resources Worksheet