Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory bala beginning and end of 20x1. Inventory Classification Raw material Work in process Finished goods January 1, 20x1 $ 50,000 120,000 170,000 December 31, 20x1 $ 70,000 115,000 165,000 During 20x1, the company purchased $250,000 of raw material and spent $400,000 on direct labor. Manu overhead costs were as follows:

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1 Question 6 - HW 1 (Chapter 2)
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Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the
beginning and end of 20x1.
Inventory Classification
Raw material
Work in process
Finished goods
January 1, 20x1
$ 50,000
120,000
170,000
December 31, 20x1
$ 70,000
115,000
165,000
During 20x1, the company purchased $250,000 of raw material and spent $400,000 on direct labor. Manufacturing
overhead costs were as follows:
Indirect material
12,000
Indirect labor
Depreciation on plant and equipment
Utilities
26,000
100, 000
26,000
30,000
Other
Sales revenue was $1,110,000 for the year. Selling and administrative expenses for the year amounted to $110,000. The
firm's tax rate is 40 percent.
2. Prepare a schedule of cost of goods sold.
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Transcribed Image Text:1 Question 6 - HW 1 (Chapter 2) ezto.mheducation.com Saved Required information [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 Raw material Work in process Finished goods January 1, 20x1 $ 50,000 120,000 170,000 December 31, 20x1 $ 70,000 115,000 165,000 During 20x1, the company purchased $250,000 of raw material and spent $400,000 on direct labor. Manufacturing overhead costs were as follows: Indirect material 12,000 Indirect labor Depreciation on plant and equipment Utilities 26,000 100, 000 26,000 30,000 Other Sales revenue was $1,110,000 for the year. Selling and administrative expenses for the year amounted to $110,000. The firm's tax rate is 40 percent. 2. Prepare a schedule of cost of goods sold. < Prev 6 7 of 9 Next >
,HO,000 for the year. Selling and administrative
firm's tax rate is 40 percent.
2. Prepare a schedule of cost of goods sold.
ALEXANDRIA ALUMINUM COMPANY
Schedule of Cost of Goods Sold
For the Year Ended December 31, 20x1
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Transcribed Image Text:,HO,000 for the year. Selling and administrative firm's tax rate is 40 percent. 2. Prepare a schedule of cost of goods sold. ALEXANDRIA ALUMINUM COMPANY Schedule of Cost of Goods Sold For the Year Ended December 31, 20x1 < Prev 6. of 9
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