Marco Polo Map Company’s cost of goods sold for March was $345,000. March 31 work in process inventory was 90 percent of March 1 work-in-process inventory. Manufacturing overhead applied was 50 percent of direct-labor cost. Other information pertaining to the company’s inventories and production for the month of March is as follows:

Beginning inventories, March 1:

Raw material .................................................................................$ 17,000

Work in process .............................................................................. 40,000

Finished goods .............................................................................. 102,000

Purchases of raw material during March ....................................113,000

Ending inventories, Mach 31:

Raw material .................................................................................... 26,000

Work in process .........................................................................................?

Finished goods ............................................................................... 105.000

Required:

I. Prepare a schedule of cost of goods manufactured for the month of March.

2. Prepare a schedule to compute the prime costs (direct material and direct labor) incurred during March.

3. Prepare a schedule to compute the conversion costs (direct labor and manufacturing overhead) charged to work in process during March.