Problem 3-164 Pirkl Corporation has provided the following...

Pirkl Corporation has provided the following data for the month of March:

Inventories	Beginning		Ending
Raw materials	$	22,000	$	36,000
Work in process	$	11,000	$	25,000
Finished goods	$	48,000	$	37,000

Additional Information:

Raw materials purchases	$	73,000
Direct labor cost	$	82,000
Manufacturing overhead cost incurred	$	42,800
Indirect materials included in manufacturing overhead cost incurred	$	6,900
Manufacturing overhead cost applied to work in process	$	44,200

Required:

Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold. (Input all amounts as positive values. Omit the "$" sign in your response.)

Schedule of Cost of Goods Manufactured
Direct materials:
(Click to select)Beginning finished goods inventoryBeginning work in process inventoryEnding raw materials inventoryEnding work in process inventoryBeginning materials inventory	$
(Click to select)AddDeduct : (Click to select)Raw materials inventory, endingBeginning work in process inventoryFinished goods inventory, beginningEnding work in process inventoryPurchases of raw materials
Raw materials available for use
(Click to select)AddDeduct : (Click to select)Ending work in process inventoryEnding raw materials inventoryBeginning work in process inventoryBeginning materials inventoryPurchases of raw materials
Raw materials used in production
(Click to select)AddDeduct : (Click to select)Beginning work in process inventoryRaw materials inventory, beginningEnding work in process inventoryindirect materials included in manufacturing overhead incurredRaw materials inventory, ending
(Click to select)Indirect materialsDirect laborIndirect laborPurchase of raw materialsDirect materials		$
(Click to select)Raw materials inventory, endingPurchases of raw materialsEnding work in process inventoryRaw materials inventory, beginningDirect labor
(Click to select)Purchases of raw materialsRaw materials inventory, beginningManufacturing overhead applied to work in process inventoryBeginning work in process inventoryRaw materials inventory, ending
Total manufacturing costs
(Click to select)DeductAdd : (Click to select)Purchases of raw materialsRaw materials inventory, beginningBeginning work in process inventoryRaw materials inventory, endingEnding work in process inventory
(Click to select)AddDeduct : (Click to select)Beginning work in process inventoryPurchases of raw materialsRaw materials inventory, endingEnding work in process inventoryRaw materials inventory, beginning
Cost of goods manufactured		$

Schedule of Cost of Goods Sold
(Click to select)Cost of goods available for saleFinished goods inventory, beginningCost of goods manufacturedOverapplied overheadFinished goods inventory, ending	$
(Click to select)AddDeduct : (Click to select)Unadjusted cost of goods soldOverapplied overheadCost of goods manufacturedUnderapplied overheadCost of goods available for sale
(Click to select)Cost of goods available for saleUnadjusted cost of goods soldFinished goods inventory, endingCost of goods manufacturedFinished goods inventory, beginning
(Click to select)AddDeduct : (Click to select)Cost of goods available for saleCost of goods manufacturedOverapplied overheadUnderapplied overheadEnding finished goods inventory
(Click to select)Cost of goods manufacturedUnadjusted cost of goods soldFinished goods inventory, beginningUnderapplied overheadFinished goods inventory, ending
(Click to select)AddDeduct : (Click to select)Cost of goods manufacturedUnderapplied overheadFinished goods inventory, endingOverapplied overheadCost of goods available for sale
Adjusted cost of goods sold	$

References