An analysis of the accounts of Jennings Manufacturing reveals the following data for the month ended March 31, 201X:

Costs Incurred:
Raw materials purchased $134,000; direct labor, $132,000; manufacturing overhead, $50,600. These specific overheads included indirect labor, $19,200; factory insurance, $8,800; depreciation on machinery, $9,000; machinery repairs, $4,500; factory utilities, $5,800; and miscellaneous factory costs, $3,300.

Instructions:
Prepare a cost of goods manufacturedstatement.

Transcribed Image Text:

Inventories Raw materials Work-in-process Finished goods Beginning $16,000 13,500 18,000 Ending $24,000 19,500 16,300