Problem 13-29 (Algo) Cost of goods manufactured and cost of goods sold LO 5, 7 The following table summarizes the beginning and ending inventories of Decatur Manufacturing Inc. for the month of October: Raw materials Work in process Finished goods Sept. 30 $34,500 73,200 48,000 Oct. 31 $29,500 67,000 43,000 Raw materials purchased during the month of October totaled $124,900. Direct labor costs incurred totaled $313,700 for the month. Actual and applied manufacturing overhead costs for October totaled $189,400 and $193,700, respectively. Over/Underapplied overhead is written off to cost of goods sold at the end of the year in December Required: a. Calculate the cost of goods manufactured for October. b. Calculate the cost of goods sold for October. Cost of goods manufactured Cost of goods sold