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Crunchem Cereal Company incurred the following actual costs during 20x4. Direct material used $ 295,000 Direct labor 130,000 Manufacturing overhead 273,000 The firms predetermined overhead

Crunchem Cereal Company incurred the following actual costs during 20x4.

Direct material used $ 295,000
Direct labor 130,000
Manufacturing overhead 273,000

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 42,000

Each of these inventory balances was 10 percent higher at the end of the year.

1. Prepare a schedule of cost of goods manufactured for 20x4.

2.What was the cost of goods sold for the year?

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