Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following inventories at the beginning and end of the month of January: $ 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. Any overapplied or underapplied manufacturing overhead is accumulated until the end of the year.

Required:
1. Compute the company's prime cost for January. Prime cost
2. Compute the total manufacturing cost for January Total manufacturing cost
3. Compute the cost of goods manufactured for January. Cost of goods manufactured
4. Compute the cost of goods sold for January Cost of goods sold
5. Compute the balance in the manufacturing overhead account on January 31. Debit or credit? Manufacturing overhead account balance on January 31 is