1.  (Chapter 2) Cluck & Company had the following beginning and ending
inventories for the current year.
     
                    Beginning        Ending     
Raw materials........$120,000.......$150,000     
Work in process.......175,000........165,000     
Finished goods.........95,000.........80,000     
     
The following costs were incurred:     
     
Purchase of raw materials..........$800,000     
Direct labor cost...................720,000     
Manufacturing overhead..............840,000     
     
Required:  Prepare a well-labeled statement of cost of goods manufactured.     

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