Question

Yoder Furniture Works

Yoder Furniture Works manufactures a high-quality, woodenrocker-recliner. A key differentiating feature of thisrocker-recliner is the ease with which a hand-operated lever raisesand lowers the footrest. Yoder left the prototype phase and begancommercial production on January 1, 2015. A retired accountant ofthe founder, Steve Yoder, maintained the accounting records on atemporary basis through January 31, 2015. Now, Yoder is searchingfor a replacement. Potential candidates are being askedto evaluate the information from the first month of commercialoperation as follows:

Cost information
Administrative expenses	$22,000
Advertising expenses	11,700
Cash account balance, January 1, 2015	0
Depreciation on production equipment and factory building	2,000
Depreciation on administrative offices	750
Insurance on production equipment and factory building	1,700
Administrative supplies expense	550
Property taxes on production equipment and factory building	425
Sales commissions	18,700
Utilities for production equipment and factory building	1,650
Wages paid to production workers	67,800
Direct materials inventory, January 1, 2015	0
Direct materials inventory, January 31, 2015	0
Direct materials purchases during January 2015	83,400
Work in process inventory, January 1, 2015	0
Work in process inventory, January 31, 2015	0
Finished goods inventory, January 1, 2015	0
Production and sales information
Units produced during January 2015	600
Units sold during January 2015	490
Sales price per unit	$500

Based on the above information, answer the followingquestions:

1.Prepare a schedule of cost of goods manufactured for the monthof January 2015.