Tombert Company is a manufacturer of computers. Its controller resigned in October 2020. An inexperienced assistant accountant has prepared the following income statement for the month of October 2020.

TOMBERT COMPANY

Income Statement

For the Month Ended October 31, 2020

Sales (net) $785,000

Less: Operating expenses

Raw materials purchases $264,650

Direct labour cost 190,400

Advertising expense 89,550

Selling and administrative salaries 74,100

Rent on factory facilities 60,900

Depreciation on sales equipment 44,200

Depreciation on factory equipment 31,150

Indirect labour cost 28,950

Utilities expense 12,300

Insurance expense 8,300 804,500

Net Loss $(19,500)

Prior to October 2020, the company had been profitable every month. The company's president is concerned about the accuracy of the income statement. As his friend, he has asked you to review the income statement and make necessary corrections. After examining other manufacturing cost data, you have acquired the following additional information.

1. Inventory balances at the beginning and end of October were as follows:

October 1 October 31

Raw materials $16,750 $29,600

Work in process 16,250 15,000

Finished goods 30,700 45,800

2. Only77% of the utilities expense and51% of the insurance expense apply to factory operations. The remaining amounts should be charged to selling and administrative activities.

Prepare schedule of the cost of goods manufactured for October 2020.