Required information The following information applies to the questions displayed below.J The following data refer to Twisto Pretzel Company for the year 20x1. Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment Work-in-process inventory, 12/31/xl Finished-goods inventory, 12/31/x0 Cash balance, 12/31/xl Indirect material used $ 8,000 13,700 3,600 8,300 14,000 7,000 4,300 2,100 10,200 2,400 15,300 Depreciation on factory equipment Raw-material inventory, 12/31/x0 Property taxes on factory Finished-goods inventory, 12/31/x1 Purchases of raw material in 20x1 38,800 6,000 2,400 3,800 29,000 3,600 1,200 79,000 11,000 4,100 3,000 1,600 58,000 207,800 5,100 Utilities for factory Utilities for sales and administrative offices Other selling and administrative expenses Indirect-labor cost incurred Depreciation on factory building Depreciation on cars used by sales personnel Direct-labor cost incurred Raw-material inventory, 12/31/x1 Accounts receivable, 12/31/x1 Rental for warehouse space to store raw material Rental of space for company president's office Applied manufacturing overhead Sales revenue Income tax expense Required: 1. Prepare Twisto Pretzel Company's schedule of cost of goods manufactured for 20x1. TWISTO PRETZEL COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20X1 Direct material Raw-material inventory, 12/31/x(O Raw material used Direct labor Manufacturing overhead Manufacturing overhead Total actual manufacturing overhead Overhead applied to work in process Total manufacturing costs Subtotal Cost of goods manufactured