Manufacturing Statement (CPA) The Helper Corporation manufactures one product and accounts for costs by a job-order-cost system. You have obtained the following information for the year ended December 31, 19_3, from the Corporation’s books and records:

Total manufacturing cost added during 193 (sometimes called cost to manufacture) was $1,000,000 based on actual direct material, actual direct labor, and applied factory overhead on actual direct-labor dollars.

Cost of goods manufactured was $970,000 also based on actual direct material, actual direct labor, and applied factory overhead. Factory overhead was applied to work in process at 75 percent of directlabor dollars. Applied factory overhead for the year was 27 percent of the total manufacturing cost.

Beginning work-in-process inyentory, January 1, was 80 percent of ending work-in-process inventory, December 31.

Prepare a formal statement of cost of goods manufactured for the year ended December 31, 19_3, for Helper Corporation. Use actual direct material used, actual direct labor, and applied factory overhead. Show supporting computations in good form.