The following T-accounts record the operations of Sheridan Co.: Direct Materials Beginning Balance 26,000 ? 241,000 Ending Balance 15.000 Work in Process Beginning Balance 38,000 Direct Material ? Direct Labor 165,000 Overhead ? Ending Balance 26.000 Finished Goods Beginning Balance 40,000 COGM 641,000 COGS Ending Balance 15,000 (a) Calculate the amount of direct materials purchased during the period. Direct materials purchased $ 230000 (b) Calculate the cost of goods manufactured during the period. Costs of goods manufactured 241000 (c) Calculate the total manufactpiring overhead cost for the period. Total manufacturing overhead cost (d) Calculate the total manufacturing cost for the period. Total manufacturing cost $ Waterway Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Waterway uses a job order costing system. On September 1, the company reported the following inventory balances Direct Materials $9.000 $ 34,200 R Work in Process Finished Goods $ 52,600 During September, the following events occurred: 1 2. 3. 4. Waterway purchased direct materials costing $ 376,000 on account. Waterway used $ 368,000 in direct materials in production Waterway's employees clocked 20,000 direct labor hours at an average wage rate of $ 13 per direct labor hour. The company incurred $ 428,000 in manufacturing overhead, including $77,200 in indirect labor costs. Using direct labor hours as the application base, the company applied S 420.000 of manufacturing overhead to jobs worked on in September. The company completed production on jobs costing $ 1,040,000. The company delivered jobs costing $ 990,000 to customers 5. 6. 7. Your answer is correct. Calculate the ending September balance of the Direct Materials, Work in Process and Finished Goods Inventory accounts. Ending September Balance Direct Materials 17000 $ Work in Process 42200 Finished Goods 102600 (b) Your Answer Correct Answer * Your answer is incorrect. Calculate total manufacturing costs for September Total manufacturing costs $ 1.048000