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SU Corporation has provided the following data concerning last month's manufacturing operations. Beginning inventories. - Raw materials: $11,500 - Work in process: $55,700 - Finished
SU Corporation has provided the following data concerning last month's manufacturing operations. Beginning inventories. - Raw materials: $11,500 - Work in process: $55,700 - Finished goods: $33,400 Ending inventories. - Raw materials: $20,000 - Work in process: $68,200 - Finished goods: $42,400 Additional information. - Purchases of raw materials: $31,000 - Indirect materials used in production: $4,960 - Direct labor: $59,800 - Manufacturing overhead applied to work in process: $88,200 - Underapplied overhead: $4,120 Required: 1. Prepare a schedule of cost of goods manufactured for the month. 2. Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods'Sold. 3. Compute the total manufacturing overhead costs incurred. Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ SU Corporation } \\ \hline \multicolumn{2}{|c|}{ Schedule of Cost of Goods Manufactured } & & \\ \hline Direct materials: & & & \\ \hline & & & \\ \hline Total raw materials available & & & \\ \hline Raw materials used in production & & & \\ \hline & & & \\ \hline Direct materials used in production & & \\ \hline & & & \\ \hline Total manufacturing costs added to production & & \\ \hline Total manufacturing costs to account for & & \\ \hline Cost of goods manufactured & & \\ \hline \end{tabular} Prepare a schedule of cost of goods sold for the month. Assume the underapplied or overapplied overhead is closed to Cost of Goods Sold. Compute total manufacturing overhead costs incurred
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