Alexsandar Company provided the following account balances for the year ended December 31 (all raw materials are used in production as direct materials): $ 233,000 $279,000 Selling expenses Purchases of raw materials Direct labor Administrative expenses Manufacturing overhead applied to work in process Total actual manufacturing overhead costs $167,000 $ 352,000 $391,000 Inventory balances at the beginning and end of the year were as follows Beginning of Year End of Year $ 31,600 $ 37,000 $67,000 Raw materials Work in process Finished goods $ 38,600 The total manufacturing costs for the year were $701,000; the cost of goods available for sale totaled $741,000; the unadjusted cost of goods sold totaled $671,000; and the net operating income was $47,000 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 Alexsandar Company 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