Honeysuckle Corporation has provided the following data for the month of January.
| Inventories |
Beginning |
Ending |
| Raw materials |
$40,000 |
$23,000 |
| Work in process |
$9,000 |
$13,000 |
| Finished goods |
$52,000 |
$45,000 |
| Additional Information |
|
| Raw material purchases |
$68,000 |
| Direct labor costs |
$81,000 |
| Manufacturing overhead cost incurred |
$47,000 |
| Indirect materials included in manufacturing overhead costs incurred |
$8,000 |
| Manufacturing overhead cost applied to work in process |
$39,000 |
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.