Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations appear below:
Beginning raw materials inventory ................ $ 60, 000
Purchases of raw materials ..........................$360,000
Ending raw materials inventory ..................... $ 45,000
Direct labor.............................................$135,000
Manufacturing overhead.............................$370,000
Beginning work in process inventory..............$120,000
Ending work in process inventory..................$130,000
Required:
Prepare a schedule of cost of goods manufactured for the company for the month.