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. Finished goods. Work in process. Raw material The following additional data pertain to January operations. Raw material purchased. Direct labor. Actual manufacturing overhead Actual selling and administrative expenses 116 January 1 $125,000 235,000 134,000 January 31 $117,000 251,000 124,000 $191,000 300,000 175,000 115,000 Exercise 3-27 Job-Order Costing Basics (LO 3-2,3-4,3-5,3-6) McGraw-Hill CreateTM Review Copy for Instructor Jakupi. Not for distribution. Managerial Accounting: Creating Value in a Dynamic Business Environment, 11th Edition Chapter 3 Product Costing and Cost Accumulation in a Batch Production Environment 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. Required: Compute the following amounts. 1. The company's prime cost for January. 2. The total manufacturing cost for January. 3. The cost of goods manufactured for January. 4. The cost of goods sold for January. 5. The balance in the manufacturing overhead account on January 31. Debit or credit?

Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The Exercise 3-27 firm had the following inventoriss at the beginning and end of the month of January. Job Order Costhg Basics (0032,34,35,36) The following additional data pertain to January opentions. Raw nateral purchased Direct laber. Actuar mandacturng ovetead $191.000 300000 15,000 115,000 McGraw-Hill Create TW Review Copy for Instructor Jakupi. Not for distribution. Managerial Accounting Creating Value in a Dynamic Business Environment, 11 th Edition Chapter 3 Product Costing and Cost Accumulation in a Bakch Producton Envenonment The company applies manufacturing ovetead at the nate of 6 percent of dinct-labot cost. Any owerapplied or underapplied manufacturing owertead is accumulated until the end of the year. Bequirec: Compule the following amounts. 1. The company's prime cont for January. 2. The total manufacturing cost for January. 3. The cost of goods manufictufed for January. 4. The cost of goods soll for January. 5. The balance in the manufactaring owerhead account on fanuary 31. Debit or cedir