The following table summarizes the beginning and ending inventories of Decatur Manufacturing, Inc., for the month of March:

Raw materials purchased during the month of March totaled $198,240. Direct labor costs incurred totaled $499,520 for the month. Actual and applied manufacturing overhead costs for March totaled $301,440 and $307,680, respectively. Over/ underapplied overhead is written off to cost of goods sold at the end of the year in December.
Required:
a. Calculate the cost of goods manufactured for March.
b. Calculate the cost of goods sold forMarch.

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Mar. 31 Raw materialsS53,600 S 44,160 103,680 67,040 Feb. 28 ....114,060 75,520 Finished goods