Inventories March 1 March 31 Materials $230,400 $211,850 Work in process 478,240 559,960 Finished goods 643,150 675,710
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Question:
Inventories | March 1 | March 31 |
Materials | $230,400 | $211,850 |
Work in process | 478,240 | 559,960 |
Finished goods | 643,150 | 675,710 |
Direct labor $3,840,000 | ||
Materials purchased during March |
| 2,925,200 |
Factory overhead incurred during March: |
|
|
Indirect labor |
| 351,080 |
Machinery depreciation |
| 230,400 |
Heat, light, and power |
| 192,000 |
Supplies |
| 38,280 |
Property taxes |
| 32,910 |
Miscellaneous costs |
| 50,140 |
Total manufacturing costs ?
cost of goods manufactured?
determine the cost of goods sold for march. Round your answer to the nearest dollar.
Related Book For
Fundamental Accounting Principles
ISBN: 978-0077862275
22nd edition
Authors: John Wild, Ken Shaw, Barbara Chiappetta
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