Chapter 2 Problem 3 The account balances are listed below for Eagle Manufacturing Company for the month of March. Finished goods inventory, March 31 Direct materials purchases Indirect labor Direct labor Work-in-process inventory, March 31 Factory supervisory salaries Direct materials inventory, March 1 Factory utilities expense Direct materials inventory, March 31 Work-in-process inventory, March 1 Factory depreciation expense Finished goods inventory, March 1 $29,000 70,000 21,000 48,000 73,000 12,000 12,000 4,000 21,000 54,000 5,000 33,000 Required: Prepare a cost of goods manufactured and sold statement for Eagle Manufacturing Company for the month ended March 31.