Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4.

Beginning raw materials inventory

$ 966,400

Raw materials purchased (net)

2,345,500

Ending raw materials inventory

818,200

Direct labor costs

322,300

Indirect materials

125,500

Indirect labor

88,900

Factory utilities and maintenance

456,000

Factory depreciation

56,600

Other factory related overhead

24,400

Beginning work in process

777,000

Ending work in process

717,000

(a)

Arrange the cost data into a statement of cost of goods manufactured.

(b)

If Ashley's cost of goods sold for the month was $4,000,000, how much was the increase or decrease in finished goods inventory for the month of September?

(a)
	ASHLEY CORPORATION
	SCHEDULE OF COST OF GOODS MANUFACTURED
	FOR THE MONTH ENDING SEPTEMBER 30, 20X4
	Direct materials:
		$ -
		-
		$ -
		-
	Raw materials transferred to production		$ -
	Direct labor		-
	Factory overhead
		$ -
		-
		-
		-
		-	-
	Total manufacturing costs		$ -
			-
			$ -
			-
	Cost of goods manufactured		$ -
(b)