1)Weisinger Corporation has provided the following data for the month of January:
Inventories: Beginning Ending
Raw Materials——————– $28,000 $29,000
Work in process—————– $16,000 $14,000
Finished goods—————— $42,000 $54,000
Additional information:
Raw materials purchase———————————————————- $56,000
Direct labor cost——————————————————————- $87,000
Manufacturing overhead cost incurred————————————- $51,000
Indirect materials included in manufacturing overhead cost incurred $3,000
Manufacturing overhead cost applied to Work in process———— $55,000
Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.