Morning Smiles Coffee Company manufactures Stoneware French Press coffee makers. During the month of March, the company purchased $350,000 of materials. Also during the month of March, Morning Smiles incurred direct labor cost of $74,000 and manufacturing overhead of $190,000. Inventory information is as follows:

March 1 March 31

Materials.................$25,000....................$40,000

Work in process..........55,000.....................46,500

Required:

1. Calculate the cost of goods manufactured for the month of March.

2. Calculate the cost of one coffee maker assuming that 8,100 coffee makers were completed during March.