Required information [The following information applies to the questions displayed below.] 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/x1 Indirect material used 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 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 $ 8,100 13,700 3,600 8,300 14,000 7,000 4,900 2,100 10,200 2,400 15,200 38,800 6,000 2,400 4,000 29,000 3,800 1,200 79,000 11,000 4,200 3,000 1,600 58,000 205,800 5,100 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/x0 Raw material used Direct labor Manufacturing overhead: Total actual manufacturing overhead Overhead applied to work in process Total manufacturing costs Subtotal $ Cost of goods manufactured