Mat Company's cost of goods sold for the month ended March \(31,20 X X\), was \(\$ 345,000\). Ending work-in-process inventory was \(90 \%\) of beginning work-in-process inventory. Factory overhead was \(\$ 80,000\). Other information pertaining to Mat Company's inventories and production for the month of March is as follows:

{Required:}
Prepare a schedule of cost of goods manufactured for the month of March.
Prepare a schedule to compute the prime cost incurred during March.

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Beginning inventories-March 1: Direct materials. .....$20,000 Work-in-process 40,000 Finished goods 102,000 Purchases of direct materials during March............ 110,000 Ending inventories-March 31: Direct materials. Work-in-process Finished goods 26,000 ? .105,000