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please answer items 1-3 1- Alliston Manufacturing Corp, a manufacturer of shoes, and military clothing had the following inventory balances at the beginning and end

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1- Alliston Manufacturing Corp, a manufacturer of shoes, and military clothing had the following inventory balances at the beginning and end of 20 x 1: Inventory Classification Raw Materials Work In Process Finished Goods January 1, 20 x 1 $ 120,000 150,000 160,000 December 31, 20 x 1 $ 130,000 125,000 175,000 During 20 x 1, the company purchased 320,000 of raw material and spent $475,000 on direct labor. Manufacturing overhead costs were as follows: $15,000 Indirect Material....... Indirect Labor.......... 35,000 120,000 Depreciation on plant and equipment..... Utilities....... 42,000 37,000 Other..... Sales revenue was $2,120,000 for the year. Selling and administrative expenses for the year amounted to $120,000. The firm's tax rate is 20 percent. 1- Prepare a schedule, of cost of goods manufactured. 2- Prepare a schedule of cost of goods sold. 3- Prepare an income statement

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