I can't figure out what I am doing wrong. Could someone please help? Thank you.
Week 2 Problem Set i Saved Help Save & Exit Submit You received partial credit in the previous attempt. View previous attempt Check my work Required information Part 1 of 2 Exercise 3-30 Schedule of Cost of Goods Manufactured (LO 3-2, 3-4, 3-6) [The following information applies to the questions displayed below.] 5.55 Crunchem Cereal Company incurred the following actual costs during 20x1. points Direct material used $280, 000 Direct labor 120, 000 Manufacturing overhead 252, 000 Book The firm's predetermined overhead rate is 210 percent of direct-labor cost. The January 1 inventory balances were as follows: References Raw material $29, 000 Work in process 38, 000 Finished goods 41, 000 Each of these inventory balances was 10 percent higher at the end of the year. Exercise 3-30 Part 1 Required: 1. Prepare a schedule of cost of goods manufactured for 20x1. CRUNCHEM CEREAL COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x1 Direct material: Mc Gra Hill Week 2 Problem Set i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question Each of these inventory balances was 10 percent higher at the end of the year. Part 1 of 2 Exercise 3-30 Part 1 5.55 Required: points 1. Prepare a schedule of cost of goods manufactured for 20x1. X Answer is not complete. CRUNCHEM CEREAL COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x1 Direct material Raw-material inventory, January 1 29,000 Add: Purchases of raw material 311,900 X S 340,900 Less: Raw-material inventory, December 31 31,900 Raw material used $ 309,000 Direct labor 120,000 Manufacturing overhead 252,000 Total manufacturing costs $ 681,000 Add: Work-in-process inventory, January 1 38,000 Subtotal $ 719,000 Less: Work-in-process inventory, December 31 41,800 Cost of goods manufactured S 677,200 Mc