The following information pertains to Western Manufac-tunng Company tor July 2012. Assume actual overhead equaled applied overhead. July 1 Inventory balances Raw materials Work in process Finished goods July 31 Inventory balances Raw materials Work in process Finished goods During March costs of raw materials purchased Costs of direct labor Costs of manufacturing overhead Sales revenues Solution opening raw material 123,200 Add :Raw material purchased 119,500 less:Closing raw material (86,100) Raw material used 156,600 Add :Direct labor 101,900 Manufacturing overhead 62,200 manufacturing cost incurred 320,700 Add:Opening Work in process 118,300 Less:Closing work in process (146,800) Cost of goods manufactured 292,200 .