Problem 13-29 (Algo) Cost of goods manufactured and cost of goods sold LO 13-5, 13-7

The following table summarizes the beginning and ending inventories of Springfield Manufacturing Incorporated for the month of September:

	August 31	September 30
Raw materials	$ 34,000	$ 30,500
Work in process	72,200	67,400
Finished goods	50,100	42,400

Raw materials purchased during the month of September totaled $126,000. Direct labor costs incurred totaled $313,400 for the month. Actual and applied manufacturing overhead costs for September totaled $189,000 and $192,900, respectively. Over/Underapplied overhead is written off to cost of goods sold at the end of the year in December.

Required:

Calculate the cost of goods manufactured for September.

Calculate the cost of goods sold for September.