Answer:
Raw Material $191,000
Direct labor $300,000
Actual manufacturing overhead $170,000
Actual selling and administrative expenses $115,000
The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost.
1.
Prime Cost = Direct Material + Direct Labor
Prime Cost = $191,000 + $300,000 = 491,000
2.
Cost of goods manufactured                                    $
Direct material                                                      $191,000
Add: Direct Labor                                                $300,000
Add: Manufacturing overhead                           <u>$170,000</u>
Manufacturing cost                                             <u>$661,000</u>
3.
Manufacturing cost                                             $661,000
Add: Work in process inventory at January 1    $235,000  
Less: Work in process inventory at January 31 <u>$251,000</u>
Cost of Goods Manufactured                             <u>$645,000</u>
4.
Cost of Goods Manufactured                             $645,000
Add: Finished Good inventory at January 1      $125,000  
Less: Finished Good inventory at January 31   <u>$117,000</u>
Cost of Goods Sold                                            <u>$653,000</u>
5.
Manufacturing overhead Account Balance
Actual overhead                = $175,000
Manufacturing overhead   = $180,000  (300,000 x 60% )
Over applied manufacturing overhead = $180,000 - $175,000
Over applied manufacturing overhead = $5,000
* Data was missing for the calculations, complete question is attached with this answer, Please find that.