How do you Prepare a statement of cost of goods manufactured for March below. Use Manufacturing Overhead applied in your statement. You need to prepare in good form. Please see Exhibit 18.6.

Glass Company

Statement of Cost of Goods Manufactured

For Month ending March 31, 20XX

Current manufacturing costs:

Cost of material placed in production

Raw materials, 3/1/XX

$8,000

Purchases

$159,000

Total available

$167,000

Raw materials, 3/31/XX

$145,000

$22,000

Direct Labor

280,000

Manufacturing overhead Applied

$28,000

$308,000

Work-in-process March 1, 20XX

$21,000

Total costs in process

$351,000

Work-in-process March 31, 20XX

$75,200

Cost of goods manufactured

$275,800

How do you Prepare an Income Statement for March below. The company does not close the over or underapplied overhead until the end of the year, so no adjustment is needed to Cost of Goods Sold.

Glass Company

Income Statement

For Month ending March 31, 20XX

Sales

Cost of goods sold

315,000

Gross Profit

Selling and Administrative expenses

Net income

How do you Determine the dollar amount and the underapplied or overapplied manufacturing for March. Provide your calculations.

show me how to Prepare a Pie chart below showing the three product costs that were added to the job cost sheets in March.