Crunchem Cereal Company incurred the following actual costs during 20x1.

Direct material used	$	275,000
Direct labor		120,000
Manufacturing overhead		252,000

The firm’s predetermined overhead rate is 210 percent of direct-labor cost. The January 1 inventory balances were as follows:

Raw material	$	30,000
Work in process		39,000
Finished goods		42,000

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

Required:

1. Prepare a schedule of cost of goods manufactured for 20x1.

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

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: Raw material used Total manufacturing costs Subtotal Cost of goods manufactured $ 0 $ 0 $ 0 $ 0 $