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Safe Tee, Inc. uses a job order system. The following transactions are for August 2019. Direct material purchases on account totaled 133,200. Direct labor cost

Safe Tee, Inc. uses a job order system. The following transactions are for August 2019.

  • Direct material purchases on account totaled 133,200.
  • Direct labor cost for the period totaled 111,880 for 2,797 direct labor hours.
  • Factory overhead costs were applied to jobs at a rate of 60 per direct labor hour.
  • Actual overhead costs for the period totaled 161,360.
  • Goods costing (at normal) 360,670 were sold for 512,150.
  • Underapplied or overapplied overhead is treated as an adjustment to cost of goods sold at month-end.
  • Direct materials inventory was 10,500 and 24,400 on August 1 and August 31, respectively.
  • Work-in-process inventory was 33,960 and 17,020 on August 1 and August 31, respectively.
  • There was no finished goods inventory on August 1, 2019.

The ending balance of finished goods inventory of Safe Tee, Inc amounted to ____________ .

The cost of Direct Materials used in production amounted to ____________ .

The Total Manufacturing Costs amounted to ____________ .

The Total Cost of Goods Manufactured amounted to ____________ .

The ADJUSTED Cost of Goods Sold amounted to ____________ .

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