[The following information applies to the questions displayed below.] Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20x1.

Inventory Classification	January 1, 20x1			December 31, 20x1
Raw material	$	50,000		$	70,000
Work in process		120,000			115,000
Finished goods		140,000			165,000

During 20x1, the company purchased $240,000 of raw material and spent $400,000 on direct labor. Manufacturing overhead costs were as follows:

Indirect material	$	9,000
Indirect labor		26,000
Depreciation on plant and equipment		100,000
Utilities		23,000
Other		30,000

Sales revenue was $1,106,000 for the year. Selling and administrative expenses for the year amounted to $110,000. The firms tax rate is 40 percent.

Required: 1. Prepare a schedule of cost of goods manufactured.

ALEXANDRIA ALUMINUM COMPANY Schedule of Cost of Goods Manufactured For the Year Ended December 31, 20x1 Direct material: Manufacturing overhead: Total manufacturing overhead Total manufacturing costs Subtotal Cost of goods manufactured