Question: III. Korg, Inc. has provided the following data concerning the last months manufacturing operations: Purchase of raw materials $45,000 Indirect materials included in manufacturing overhead

III. Korg, Inc. has provided the following data concerning the last months manufacturing operations: Purchase of raw materials $45,000 Indirect materials included in manufacturing overhead $7,500 Direct Labor $130,000 Under-applied Overhead $6,000 Inventories: Beginning Ending Raw Materials $18,000 $27,000 Work in Process 584,000 $97,500 Finished Goods $52,000 $63.000 Required: 1. (20 pts. Prepare a Schedule of Cost of Goods Manufactured for the month

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