Bubble Bobber provided the following list of cost data related to its manufacturing operations for the month of October 20X5.

Beginning raw materials inventory $ 2,416,000

Raw materials purchased (net) $5,863,750

Ending raw materials inventory $2,045,500

Direct labor costs $805,750

Indirect materials $313,750

Indirect labor $222,250

Factory utilities and maintenance $1,140,000

Factory depreciation $141,500

Other factory related overhead $61,000

Beginning work in process $ 1,942,500

Ending work in process $1,792,500

REQUIRED:

a) Arrange the cost data into a statement of cost of goods manufactured. b) If Bubble Bobber's cost of goods sold for the month was $10,000,000, how much was the increase or decrease in finished goods inventory for the month of October?