Crunchem Cereal Company incurred the following actual costs during 20x1. Direct material used $ 290,000 Direct labor 140,000 Manufacturing overhead 294,000 The firms predetermined overhead rate is 210 percent of direct-labor cost. The January 1 inventory balances were as follows: Raw material $ 28,000 Work in process 39,000 Finished goods 43,000 Each of these inventory balances was 10 percent higher at the end of the year. EX 3-30 (Algo) Part 1 Prepare a schedule of cost of goods manufactured