tronat Gear soft 290,000 116.00 1.200.000 Dentary 4. en con 24 S. 390.000 Gan wy, 750,000 Spencer Company produced 200,000 cases of sports drinks during the past calendar year. Each case of ter 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 materials $2,340,000 Direct materials inventory, January 1 290,000 Direct materials invertory, December 31 116,000 Direct labor 1,200,000 Indirect labor 334,000 Depreciation factory bing 525.000 Depreciation factory equipment 416,000 Property taxes on factory 65,000 Ulties, factory 150,000 Insurance on factory 200,000 35,000 Salary, sales supervisor Commissions, serons 214,000 500.000 390,000 Advertising General administration Work-in-process inventory, January 1 Work in process inventory, December 31 460,000 750.000 415,000 65,000 150,000 200.000 Depreciation factory equipment Property taxes on factory Utilities, factory Insurance on factory Salary, sales supervisor Commissions, salespersons Advertising General administration work-process inventory, January 1 Work in process inventory, December 31 Finished goods inventory, lary 1 Finished goods inventory, December 31 85,000 214,000 500,000 390,000 460,000 750,000 107,500 438.750 Requiredi 1. Prepare a cost of goods manufactured met Spencer Company Statement of Cost of Goods Manufactured