Final Exam Part 2 - Problems (Ch 13, 14,15, & 16) o 2 points eBook Partridge, Incorporated incurred the following costs during March: Raw materials purchased Direct labor [9,200 hours) Manufacturing overhead (actual) Selling expenses Administrative expenses Interest expense Manufacturing overhead is applied on the basis of $8.50 per direct labor hour. Assume that overapplied or underapplied overhead is transferred to cost of goods sold only at the end of the year. During the month, 3,500 units of product were manufactured and 3,400 units of product were sold. On March 1 and March 31, Partridge carried the following inventory balances: March 1 March 31 Raw materials $ 14,200 $ 15,400 Workinprocess 64,700 55,800 Finished process 32,400 40,660 Required: a. Prepare a Statement of Cost of Goods Manufactured for the month of March, and calculate the average cost per unit produced. b. Calculate the cost of goods sold during March. c. Where in the financial statements will the difference between cost of goods manufactured and cost of goods sold be classified? 5 45,000 156,400 33,000 47,400 32,600 14,000 Complete this question by entering your answers in the tabs below. Req A1 Req A2 to C Prepare a Statement of Cost of Goods Manufactured for the month of March. (Amounts to be deducted should be indicated by minus sign.) Cost of goods manufactured __ Req A2 to C > Saved