Information for Underwood Industries is presented below. Compute the cost of goods manufactured.?BeginningEndingRaw materials inventory$26,800$30,100Work in process inventory41,20039,000Finished goods inventory54,00053,500Raw materials purchased93,500?Direct labor61,000?Total factory overhead117,300?
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| Cost of Goods Manufactured: | ? | ? |
| Beginning raw materials inventory | $ 26,800 | ? |
| Add: raw materials purchased | 93,500 $ 120,300 | ? |
| Raw materials available | ? | ? |
| Less Ending raw materials inventory | ( 30,100) | ? |
| Direct materials used | ? | $ 90,200 |
| Direct labor | ? | 61,000 |
| Factory overhead | ? | 117,300 |
| Total Manufacturing Costs | ? | 268,500 |
| Add Beginning work in process inventory | ? | 41,200 |
| Total work in process | ? | 309,700 |
| Less Ending work in process inventory | ? | (39,000) |
| Cost of Goods Manufactured | ? | $270,700 |
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