1. WalkLikeYou, Corp. is a specialty athletic shoe manufacturer which uses a job order costing system. The following information below is given for WalkLikeYou:

	As of January 31	As of February 28
Inventory account balances:
Raw materials inventory	$42,000	$30,000
Work in process inventory	$9,200	$20,600
Finished goods	$56,000	$33,500
Additional information for the month ended February 28:
Raw materials purchased		$198,000
Factory payroll		$150,000
Actual factory overhead costs:
Indirect materials		$15,000
Indirect labor		$34,500
Other overhead costs		$13,500
Sales		$1,100,000
Predetermined overhead rate (based on direct labor costs) = 55% of DL costs

Compute the following amounts for the month of February. You must show all of your work, either using formulas or using T-accounts.

1. Cost of direct materials used
2. Total manufacturing costs
3. Cost of goods manufactured
4. Cost of goods sold.(ignore effects of underapplied / overapplied overhead)
5. Gross profit
6. Overapplied or underapplied overhead