a. Prepare a Schedule of Cost of Goods Manufactured for the month.

b. Prepare a Schedule of Cost of Goods Sold for the month.

Replacement Problem Two (for Exam One Problem 5) - maximum value 17 points Tondre Corporation has provided the following data concerning last month's operations, Direct materials purchased.. $29,000 Direct labor $68,000 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 Required: a. Prepare a Schedule of Cost of Goods Manufactured for the month. Direct materials Beginning raw materials inventory $12,000 Add: Purchases of raw materials $29.000 Total raw materials available $41,000 Deduct: Ending raw materials inventory $17,000 Raw materials used in production $24,000 Deduct: Indirect materials included in manufacturing 0 $24,000 overhead Direct labor $87,000 Manufacturing overhead cost applied to work in $111,000 process Total manufacturing costs $222,000 Add: beginning work in process inventory $50,000 Deduct: Ending work in process inventory $77,000 Cost of goods manufactured $152.000 O TH