I need a detailed solution for this question by Friday Feb 12:

Wasik Company had the following inventory balances at thebeginning and end of August 2013:

August1 Raw Materials 58,000 Work in process 372,000 Finished Goods 224,000

August 31 Raw Materials 84,000 Work in process 436,000 Finished Goods 196,000

All raw material is direct to the production process. The following information is also available about August manufacturing costs:

cost of raw materials used 612,000 direct labor cost 748,000 manufacturingoverhead 564,000

a. Calculate the cost of goods manufactured for August.

b. Determine the cost of goods sold for August.