An analysis of the accounts of Manning Manufacturing reveals the following data for the month ended February 28, 201X:

Costs Incurred: Raw materials purchased, $134,000; direct labor, $126,000; manufacturing overhead, $53,400. These specific overheads included indirect labor, $19,200; factory insurance, $9,600; depreciation on machinery, $10,500; machinery repairs, $4,200; factory utilities, $6,500; and miscellaneous factory costs, $3,400.

Instructions:

Prepare a cost of goods manufactured statement.

Transcribed Image Text:

Inventories Beginning Ending Raw Materials $17,000 $26,000 Work-in-Process 16,000 21,000 Finished Goods 14,000 12,200