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Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January.
Type January January
Finished goods $ $
Work in process
Raw material
The following additional data pertain to January operations.
Raw material purchased $
Direct labor
Actual manufacturing overhead
Actual selling and administrative expenses
The company applies manufacturing overhead at the rate of percent of directlabor cost. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.
Compute the cost of goods sold for January.
