The Bags and Luggage Company had the following account balances as of January 1:

Direct Materials Inventory		$	8,700
Work in Process Inventory			76,500
Finished Goods Inventory			53,000
Manufacturing Overhead			- 0 -

During the month of January, all of the following occurred:

1.	Direct labor costs were $46,000 for 1,800 hours worked.
2.	Direct materials costing $29,000 and indirect materials costing $4,000 were purchased.
3.	Sales commissions of $16,500 were earned by the sales force.
4.	$23,000 worth of direct materials were used in production.
5.	Advertising costs of $6,300 were incurred.
6.	Factory supervisors earned salaries of $11,797.
7.	Indirect labor costs for the month were $3,000.
8.	Monthly depreciation on factory equipment was $4,500.
9.	Utilities expense of $6,083 was incurred in the factory.
10.	Luggage with manufacturing costs of $69,000 were transferred to finished goods.
11.	Monthly insurance costs for the factory were $4,200.
12.	$5,000 in property taxes on the factory were incurred and paid.
13.	Luggage with manufacturing costs of $96,187 were sold for $174,886.

a.	Assume If Bags and Luggage assigns manufacturing overhead of $34,400, what will be the balances in the Direct Materials, Work in Process, and Finished Goods Inventory accounts at the end of January?

Direct materials inventory	$
Work in process inventory	$
Finished goods inventory	$

b.	As of January 31, what will be the balance in the Manufacturing Overhead account?

Manufacturing overhead

$

c.	What was Bags and Luggage's operating income for January?

Operating income

$

Road Warrior Corporation began operations early in the current year, building luxury motor homes. During the year, the company started and completed 50 motor homes at a cost of $60,000 per unit. Of these, 48 were sold for $100,000 each and two remain in finished goods inventory. In addition, the company had six partially completed units in its factory at year-end. Total costs for the year (summarized alphabetically) were as follows:

Direct materials used		$	781,000
Direct labor			921,000
Income tax expense			100,000
General and administrative expenses			500,000
Manufacturing overhead			1,770,000
Selling expenses			500,000

a.	Compute the total manufacturing costs charged to work in process for the current year:

Total manufacturing costs

$

b.	Compute the cost of finished goods manufactured for the current year:

Cost of finished goods manufactured

$

c.	Compute the cost of goods sold for the current year:

Cost of goods sold

$

d.	Compute the gross profit on sales for the current year: Gross profit on sales $

e.	Compute the ending inventories of (1) work in process and (2) finished goods for the current year:

(1)	Ending inventory of work in process	$
(2)	Ending inventory of finished goods	$