Return Comprehensive Problem (Algo) LO 11-1, 11-2, 11-3, 1-4 Benson Modems, Inc. acquired a subsidiary named Anywhere, Inc. (A) Al manufactures a wireless modem that enables users to access the Internet through cell phones. The following trial balance was drawn from the accounts of the subsidiary Cash Raw materials inventory Work in process inventory Finished goods inventory Common stock Retained earnings Totals $181,400 3,630 5,450 6,360 $117,020 79,820 $196,840 $196,840 The subsidiary completed the following transactions during Year 2. 1. Paid $54430 cash for direct raw materials 2. Transferred $45,360 of direct raw materials to work in process 3. Pald production employees 572,580 cash. 4. Applied $48,090 of manufacturing overhead costs to work in process. 5. Completed work on products that cost $147,900 6. Sold products that cost $129760 for $165,140 cmh. Record the recognition of revenue in a row labeled 5a and the cost of goods sold in a row labeled 65. 7. Paid 518,150 cash for selling and administrative expenses B. Actual overhead costs paid In cash amounted to $49.910. 9. Cloned the Manufacturing Overhead account. The amount of over or underapplied overhead was ir graficant immaturtall 10. Made a $4,530 cash distribution to the owners. Required a. For Anywhere in record the events in a financial statements model. The first event is shown as an example. Return to question 15 Complete this question by entering your answers in the tabs below. 20 points Sheet . DO 0 RA Rega RC Inc Red ca Strnt Prepare a schedule of cost of goods manufactured and solu ANYWHERE, INC Schedule of Cost of Goods Manufactured and sold For Year Ended December 31 Year 2 Beginning raw materials inventory Beginning raw materials inventory Raw materials available for us Director Det ruwmaterials used Manufacturing overhead Ending finished goods inventory Total manufacturing costs Purchases To work in process inventory Beginning work in process entory 3 Coul of good manufactured Manufacturing thered o Cost of goods alt for sale Linding the good Inventory $ Cost of goods 3.630 (12.700) (9.070) 72.580 (81,650) 48.000 166.030 132.470 147.000 280,370 (18.130) 262 240 3 202240 (18.1509 24 000