(CGM and CGS) Leisure Products Company had the following inventory bal¬ ances at the beginning and end of March 1997:LO1

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Raw Materials Inventory Work in Process Inventory Finished Goods Inventory 3/1/97 3/31/97 $12,000 $16,000 68,000 84,000 32,000 24,000 All raw materials are direct to the production process. The following information is also available about March manufacturing costs: Cost of raw materials used Direct labor cost Factory overhead $128,000 162,000 116,000 a. Calculate the cost of goods manufactured for March. b. Determine the cost of goods sold for March.