Information for Underwood Industries Is Presented Below

Essay

Information for Underwood Industries is presented below. Compute the cost of goods manufactured.
$$\begin{array} { | l | l | l | } \hline & \text { Beginning } & \text { Ending } \\\hline \text { Raw materials inventory } & \$ 26,800 & 30,100 \\\hline \text { Work in process inventory } & 41,200 & 39,000 \\\hline \text { Finished goods inventory } & 54,000 & 53,500 \\\hline & & \\\hline \text { Raw materials purchased } & 93,500 & \\\hline \text { Direct labor } & 61,000 & \\\hline \text { Total factory overhead } & 117,300 & \\\hline\end{array}$$