2 points (1 point for each part) Corporation has provided the following data concerning last month's operations. Direct materials $24,000 Direct labor $58,000 Manufacturing overhead cost applied to Work in Process $87,000 Overapplied overhead $1,000 Beginning Ending Raw materials inventory $12,000 $17,000 Work in process inventory $50,000 $77,000 Finished goods inventory $28,000 $48,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.

Part A:How much is cost of goods manufactured? Insert Answer Here: Cost of Goods Manufactured

Part B: How much is cost of goods sold? Insert Answer Here: Cost of Goods Sold