Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4.
| Ashley Corporation provided the following list of cost data related to its manufacturing operations for the month of September 20X4. | |||
| Beginning raw materials inventory | $ 966,400 | ||
| Raw materials purchased (net) | 2,345,500 | ||
| Ending raw materials inventory | 818,200 | ||
| Direct labor costs | 322,300 | ||
| Indirect materials | 125,500 | ||
| Indirect labor | 88,900 | ||
| Factory utilities and maintenance | 456,000 | ||
| Factory depreciation | 56,600 | ||
| Other factory related overhead | 24,400 | ||
| Beginning work in process | 777,000 | ||
| Ending work in process | 717,000 | ||
| (a) | Arrange the cost data into a statement of cost of goods manufactured. | ||
| (b) | If Ashley’s cost of goods sold for the month was $4,000,000, how much was the increase or decrease in finished goods inventory for the month of September? |
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