(TCO F) Honeysuckle Corporation has provided the following data for the month of January:
Inventories
Beginning
Ending
Raw materials
$40000
$23000
Work In process
$9000
$13000
Finished goods
$52000
$45000
Additional Information
Raw material purchases
$68000
Direct labor costs
$90000
Manufacturing overhead cost incurred
$44000
Indirect materials included in manufacturing overhead costs incurred
$8000
Manufacturing overhead cost applied to work in process
$39000
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form.