Refer to the data in Quick Study 18-16. Factory overhead of $39,000 consists of Indirect labor of $20,000, Depreciation expense—Factory of $15,000, and Factory utilities of $4,000.

a. Compute total manufacturing costs. 

b. Prepare a schedule of cost of goods manufactured.

Data From QS 18-16

Use the following information to compute the cost of direct materials used for the current year. Note: Assume all raw materials were used as direct materials.

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Inventories Beginning of Year End of Year Activity during current year Raw materials purchased ... Direct labor.... Raw materials inventory .... $ 6,000 $ 7,000 $123,000 Work in process inventory... 12,000 9,000 94,000 Finished goods inventory 8,000 5,000 Factory overhead. 39,000 ...