Response to the following problem:
Mannerman Fabrication manufactures a variety of products in its factory. Data for the most recent month's operations appear below:
Beginning raw materials inventory . . . . . . . . . . $ 55,000
Purchases of raw materials . . . . . . . . . . . . . . . . $440,000
Ending raw materials inventory . . . . . . . . . . . . . $ 65,000
Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $215,000
Manufacturing overhead . . . . . . . . . . . . . . . . . . . $380,000
Beginning work in process inventory . . . . . . . . $190,000
Ending work in process inventory . . . . . . . . . . . $220,000
Required:
Prepare a schedule of cost of goods manufactured for the company for the month.