Alexsandar Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials) Selling expenses Purchases of raw materials $228,000 $274,000 Direct labor Administrative expenses Manufacturing overhead applied to work in process Total actual manufacturing overhead costs 7 62.000 $347000 381,000 Inventory balances at the beginning and end of the year were as follows: Beginning of Year $64,500 Raw materials Work in process Finished goods $ 38.300 End of Year $31300 $34.500 The total manufacturing costs for the year were $696,000 the cost of goods available for sale totaled $736,000; the unadjusted cost of goods sold totaled $668,500, and the net operating income was $44,500. The company's overapplied or underapplied overhead is closed entirely to cost of goods sold. Hint Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured) Required: a. Prepare a schedule of cost of goods manufactured Q A @ # 2 3 N M F3 a 54 % 5