Using the information below, calculate the cost of goods manufactured for the period: Beginning Raw Materials Inventory$32,000 Ending Raw Materials Inventory 23,600 Beginning Work in Process Inventory 62,000 Ending Work in Process Inventory 71,000 Beginning Finished Goods Inventory 90,500 Ending Finished Goods Inventory 74,000 Cost of Goods Sold for the period 547,000 Sales revenues for the period 1,261,000 Operating expenses for the period 239,000

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40