Under applied over head 14,000 Finished goods inventory, beginning 310,000 Finished goods inventory, ending 380,000 Raw materials inventory, beginning 110,000 Raw materials inventory, ending 95,000 Work in process inventory, beginning 105,000 Work in process inventory, ending 85,000 Selling expenses 180,000 Manufacturing overhead Applied 490,000 Direct labor 390,000 Administrative expenses 385,000 Purchases of raw materials 295,000 Sales 2,885,000 Required:

1) Prepare a schedule of Cost of Goods Sold for the year in good form? (Use the table given in the answer box.

Based on the Cost of Goods schedule you prepared identify: 2a) The Product Costs

Based on the Cost of Goods schedule you prepared identify: 2b) The Period costs