Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows:

Inventories
_______________March 1____________________March 31
Materials.........$305,000...............................$277,200
Work in process...214,200.................................238,600
Finished goods...162,800.................................190,500
March 31
Direct labor.....................................................$562,000
Materials purchased during the month..................607,000
Factory overhead incurred during the month:
Indirect labor.....................................................60,600
Machinery depreciation....................................36,000
Heat, light, and power......................................12,900
Supplies..............................................................8,100
Property taxes....................................................8,720
Miscellaneous costs.........................................16,300
Required:
A. Prepare a cost of goods manufactured statement for March 2016. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. "Less" or "Plus" will automatically appear if it is required. Enter all amounts as positive numbers.
B. Determine the cost of goods sold for March 2016.
Amount Descriptions :Direct labor Finished goods inventory, March 1, 2016 Finished goods inventory, March 31, 2016 Heat, light, and power Indirect labor Machinery depreciation Materials inventory, March 1, 2016 Materials inventory, March 31, 2016 Miscellaneous cost Property taxes Purchases Supplies Work in process inventory, March 1, 2016 Work in process inventory, March 31, 2016

Transcribed Image Text:

March 1 March 31 Inventorles Materials $277,200 $315,000 214,200 Work in process 239,400 Finished goods 163,800 189,000