1. The following data has been taken from the accounting records of Curtis Manufacturing Company for the current year: Sales $600,000 Purchases of direct materials 350,000 Direct labor cost during period 120,000 Manufacturing overhead applied during period 60,000 Direct Materials Inventory, beginning 20,000 Direct Materials Inventory, ending 25,000 Work in Process Inventory, beginning 47,000 Work in Process Inventory, ending 32,000 Finished Goods Inventory, beginning 75,000 Finished Goods Inventory, ending 82,000 Required: a. Compute the cost of direct materials moved into production during the period. b. Compute the cost transferred to Finished Goods Inventory during the period. c. Compute the Cost of Goods Sold during the period. 2. Bluegill, Inc. produces spin cast fishing reels. The company's controller has provided you with the following information. Beginning balance, Direct Materials Inventory $75,000 Ending balance, Direct Materials Inventory 69,000 Beginning balance, Work in Process Inventory 122,000 Ending balance, Work in Process Inventory 125,000 Direct labor 757,000 Manufacturing overhead applied 347,000 847,000 Direct materials purchased Required: Using the above cost information, prepare a cost of goods manufactured schedule.