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

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

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