[The following information applies to the questions displayed below.] Note: Assume all raw materials were used as direct materials.

	Beginning of Year	End of Year
Inventories
Raw materials inventory	$ 7,600	$ 10,700
Work in process inventory	15,200	10,600
Finished goods inventory	11,700	7,100

Activity during current year
Raw materials purchased	$ 126,700
Direct labor	95,600
Factory overhead	43,800

Factory overhead of $43,800 consists of Indirect labor of $21,600, Depreciation expenseFactory of $16,600, and Factory utilities of $5,600. a. Compute total manufacturing costs. b. Prepare a schedule of cost of goods manufactured.