Tableau DA 1-3: Mini-Case, Schedule of cost of goods manufactured and Income statement preparation LO C2 [The following information applies to the questions displayed below.] You have been asked by the CEO of Mountaineer Company to assist in analyzing product costs. This analysis is used in Internal decision making and In reporting to investors. The following Tableau Dashboard provides data needed for the analysis. Raw Materials Inventories Raw materials, beginning Raw materials purchases Raw materials purchases: $140,000 Direct materials used Raw materials, ending SO $25,000 $50,000 $75,000 $100,000 $125,000 $150,000 $175,000 $200,000 Work in Process & Finished Goods Inventories Finished Goods Work in Process Indirect labor $50,000 $54,000 $50,000 S40,000 Factory utilities $43,000 $30,000 $ $33,000 Property taxes-Factory Repairs-Factory equipment $20,000 $10,000 SO Beginning Ending Beginning Ending Depreciation expense-Factory Additional Data Accounts receivable, net Cash Direct labor $150,000 $350,000 $180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses SO $200,000 $400,000 5600,000 **+ableau $800,000 $1,000,000 K Tableau DA 1-3: Mini-Case, Preparing a schedule of cost of goods manufactured Prepare a schedule of cost of goods manufactured for the year ended December 31. Mountaineer Co. Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials inventory, beginning $ 80,000 Raw materials purchases 140,000 Raw materials available for use 200,000 Less: Raw materials inventory, ending (62,500) Direct materials used Direct labor Factory overhead 20 EAN $ 137.500 180,000 Sales and Select Expense Accounts Sales General & administrative expenses Selling expenses SO $200,000 $400,000 $600,000 $800,000 $1,000,000 * tableau Tableau DA 1-3: Mini-Case, Preparing a schedule of cost of goods manufactured Prepare a schedule of cost of goods manufactured for the year ended December 31. Mountaineer Co. Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials inventory, beginning $ 80,000 Raw materials purchases 140,000 Raw materials available for use 200,000 Less: Raw materials inventory, ending 62,500) Direct materials used Direct labor Factory overhead Factory utilities 22,500 Depreciation expense - Factory Repairs - Factory equipment 32,500 Indirect labor Property taxes - Factory $ 137.500 180.000 Total factory overhead Total manufacturing costs 55,000 372.500 $ Total cost of work in process 372.500 Cost of goods manufactured $ 372.500