Wasik Company had the following inventory balances at the beginning and end of August 2010:

All raw material is direct to the production process. The following information is also available about August manufacturing costs:
Cost of raw material used ........$612,000
Direct labor cost ............ 748,000
Manufacturing overhead ......... 564,000
a. Calculate the cost of goods manufactured for August.
b. Determine the cost of goods sold forAugust.

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Raw Material Inventory Work in Process Inventory Finished Goods Inventory August 1 $58,000 372,000 224,000 August 31 84000 436,000 196,000