Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January.

	January 1			January 31
Finished goods	$	125,000		$	117,000
Work in process		237,000			251,000
Raw material		133,000			124,000

The following additional data pertain to January operations.

Raw material purchased	$	192,000
Direct labor		300,000
Actual manufacturing overhead		170,000
Actual selling and administrative expenses		120,000

The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.

1. Compute the companys prime cost for January.

2. Compute the total manufacturing cost for January.

3. Compute the cost of goods manufactured for January.

4. Compute the cost of goods sold for January.

5. Compute the balance in the manufacturing overhead account on January 31. Debit or credit?