Shanon Toys produces toys for dogs. The following information was available for the month ended September 30, 2016 (assume no beginning or ending raw materials inventory):

Sales revenue..................................................................................

$106,500

Direct materials used.......................................................................

32,000

Direct labor.....................................................................................

16,000

Manufacturing overhead*...............................................................

17,000

Beginning work in process..............................................................

8,000

Ending work in process...................................................................

6,000

Operating expenses

32,000

Finished goods, Sept. 1, 2016.........................................................

4,000

Finished goods, Sept. 30, 2016.......................................................

7,200

* All indirect production costs are included in manufacturing overhead.

Requirements

1.

Prepare a

schedule of cost of goods manufactured for the month ended September 30, 2016.

2. Compute the cost of goods sold.