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:

Required:
1. 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.

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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, March 31: Raw material 26,000 Work in process ? Finished goods 105,000