verstus mgon iocation in Timbuktu)? Bodin company manufactures finger splints for kids who get tendonitis from playing video games. The Job-Order Costing ba firm had the following inventories at the beginning and end of the month of January LO 3-2, 3-4,3.5 January 31 January 1 Finished goods Work in process 117,000 $125.000 235,000 251,000 Raw material 124,000 134,000 The following additional data pertain to January operations. Raw material purchased $191,000 Direct labor 300,000 Actual manufacturing overhead Actual selling and administrative expenses 175,000 115,000 Product Costing and Cost Accumulation in a Batch Production Environment Chapter 3 The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year Required: Compute the following amounts 1. The company's prime cost for January 2. The total manufacturing cost for January 3. The cost of goods manufactured for January 4. The cost of goods sold for January 5. The balance in the manufacturing overhead account on January 31. Debit or credit? CMA, adopted McAlliser, Inc, employs a normal costing sytem. The following information pertains to the year jut