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

Costs Incurred:
Raw materials purchased $130,000; direct labor, $133,000; manufacturing overhead, $53,100. These specific overheads included indirect labor, $19,500; factory insurance, $9,200; depreciation on machinery, $10,500; machinery repairs, $5,000; factory utilities, $6,200; and miscellaneous factory costs, $2,700.

Instructions:
Prepare a cost of goods manufacturedstatement.

Transcribed Image Text:

Inventories Raw materials Work-in-process Finished goods Beginning $23,000 14,000 16,500 Ending 25,000 19,500 14,800