Exercise 3-27 Job-Order Costing Basics (LO 3-2, 3-4, 3-6)

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[The following information applies to the questions displayed below.] Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January.

	January 1	January 31
Finished goods		$	126,000			$	117,000
Work in process			237,000				251,000
Raw material			132,000				124,000

The following additional data pertain to January operations.

Raw material purchased	$	192,000
Direct labor		350,000
Actual manufacturing overhead		170,000
Actual selling and administrative expenses		115,000

The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.

Compute the cost of good manufactured for january