Spencer Company produced 200,000 cases of sports drinks during the past calendar year. Each case of 1.Iter bottles sells for $36. Spencer had 2,500 cases of sports drinks in finished goods Inventory at the beginning of the year. At the end of the year, there were 11,500 cases of sports drinks in finished goods inventory. Spencer's accounting records provide the following information: Purchases of direct materiais $2,340,000 Direct materials inventory, January 1 290,000 Direct materials inventory, December 31 116,000 Direct labor 1,200,000 Indirect labor 334,000 Depreciation factory building 525,000 Depreciation, factory oument 416,000 Property taxes on factory 65,000 es factory 150,000 Insurance on factory 200,000 Salary, sales supervis Commissions, persons 214,000 Advertising 500,000 General administration 30.000 work procesory, anuary 1 400,000 750.000 416,000 Depreciation factory equipment Property taxes on factory 65,000 150,000 200.000 85,000 214,000 Uudies, factory Insurance on factory Salary, sales supervisor Commissions, salespersons Advertising General administration Workprocess inventory, Imuary 1 Work-in-process inventory, December 31 Finished goods inventory, January 1 Finished goods inventory, December 31 Required 500,000 390,000 450.000 750,000 107,500 1. Prepare a cost of manufactured met Spencer Company Statement of Cost of Good Manucured --- eBook Calculator See Cornerstone 2.2 2. Compute the cost of producing one case of sports drink inst year. If required, round your answer to the nearest 255.7 X per case F Calcul cost of goods marwactured 3. Prepare an income Matement on an absorption conting bans. Show the percentage of sales that each linements Round the percent to four decimal places before coming to a percentage. For exa049 be rounded to and entered as 80.35 Spencer Company Income Statement: Absorption Costing For the Year Ended December 31 Per 100 Cost of goods sold Categods manufactured Add wable for salex DUE Goede wable for sale