Purchases of raw materials $ 31,000 Indirect materials included in manufacturing overhead $ 4,650 Direct labor $ 59,400 Manufacturing overhead applied to work in process $ 88,000 Underapplied overhead $ 4,100 Inventories Beginning Ending Raw materials $10,700 $ 18,800 Work in process 53 55,600 $ 68,100 Finished goods $ 34,200 $ 43,600 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 6 Answer is cumplete but not entirely correct. Direct materials: _ Raw materials inventory, beginning Add: Purchases of raw materials Total raw materials available Less: Raw materials inventory, ending Raw materials used in production m Less: Indirect materials included in manufacturing overhead _$ 18,050 59,400 0 88,000 0 Direct labor Manufacturing overhead applied to work in process inventory Total manufacturing costs 55,600 0 221,050 9 Less: Ending work in process inventory 68,100 0 Cost of goods manufactured $ 152,950 Add: Beginning work in process inventory _ _ _ 48500 _ _ _ _