A manufacturing company reports the following for the period:

Inventories	Beginning	Ending
Raw materials	$ 18,420	$ 12,400
Work in process	9,800	11,600
Finished goods	12,860	9,030

Activities for the period
Raw materials purchases	$ 8,500
Direct materials used	14,520
Direct labor used	9,600
Overhead applied	11,440
Sales	41,600

1. Prepare a schedule of cost of goods manufactured.
2. Compute gross profit.