1)The Custom Manufacturing Company manufactures furniture. They have been in business for 10 years and are located in Edmonton, Alberta. The accountant prepares and reviews monthly information for the owners of the company. The following is financial company information for the month of August 2021.

Raw materials inventory, ending $23,000, beginning $28,000

Work in process inventory, ending $83,000, beginning $74,000

Finished goods inventory, ending $23,000, beginning $20,000

Total manufacturing cost $763,000

Administration & Selling expenses $125,000

Manufacturing overhead $72,000

Direct labour hours worked 11,400 hours

Direct labour incurred $340,000

Sales $990,000

Instruction

a schedule of cost of goods manufactured for the month of August. Provide three examples of manufacturing overhead.

b)What is the August 31^st inventory balance of work in process?