A manufacturing company reports the following for the period:

Inventories	Beginning	Ending
Raw materials	$ 18,620	$ 12,600
Work in process	10,000	11,800
Finished goods	13,060	9,230

Activities for the period
Raw materials purchases	$ 8,700
Direct materials used	14,720
Direct labor used	9,800
Overhead applied	11,640
Sales	42,400

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