Lompac Products manufactures a variety of products in its factory. Data for the most recent month's operations appear below:
Beginning raw materials inventory ........................ $60,000
Purchases of raw materials ................................... $690,000
Ending raw materials inventory ............................. $45,000
Direct labor .......................................................... $135,000
Manufacturing overhead ...................................... $370,000
Beginning work in process inventory ................... $120,000
Ending work in process inventory ........................ $130,000
Required:
Prepare a schedule of cost of goods manufactured for the company for the month.