Weisinger Corporation has provided the following data for the month of January:
- inventories: beginning ending
- raw.... $28,000 $29,000
- work in process... $16,000 $14,000
- finished goods .... $42,000 $54,000
additional infrmation:
- raw materials purchsese $56,000
- direct labor cost $87,000
- manufacturing overhade cost incurred $51,000
- indired materials $ 3,000
- manufacturing overhead cost applied to work on process $ 55,000
Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.