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For the month of August 2020. Best Corporation reported the following amounts: 1 Beginning direct materials inventory $ 47,000 Indirect labour 24,000 Ending direct materials

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For the month of August 2020. Best Corporation reported the following amounts: 1 Beginning direct materials inventory $ 47,000 Indirect labour 24,000 Ending direct materials inventory 35,000 Salaries of sales people 73,000 Ending finished goods 24,000 Factory supervisor's salary 25,000 Beginning finished goods inventory 18,000 Maintenance on factory equipment 10,000 Ending work in process 13,000 Sales 650,000 Depreciation 100,000 Utilities in sales facility 18,000 Utilities in factory 24,000 Direct material purchases 185,000 Beginning work-in-process inventory 8,000 Direct labour 200,000 1. Compute total overhead 2. Compute DM used 3. Compute COGM 4. Compute COGS Note that your solution may take the form of a formal schedule of cost of good manufactured or of computations similar in format to that portrayed in the video for this module

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