Information for Underwood Industries Is Presented Below

Essay

Information for Underwood Industries is presented below. Compute the cost of goods manufactured.

$\begin{array}{|l|r|r|} \hline& \text { Beginning } & \text { Ending } \\\hline \text { Raw materials inventory } & \$ 26,800 & \$ 30,100 \\\hline \text { Work in process inventory } & 41,200 & 39,000 \\\hline \text { Finished goods inventory } & 54,00 0& 53,500 \\\hline \text { Raw materials purchased } & 93,50 0 \\\hline \text { Direct labor } & 61,000 \\\hline \text { Total factory overhead } & 117,300 \\\hline\end{array}$