4. Compute costs of good sold for March.

5. Prepare an income statement in good form for March.

3. Prepare a schedule of cost of goods manufactured in good form for March. Spring Company Statement of Cost of Goods Manufactured For the Month ended March 31, 20XX Below is information from the accounting records for March's inventory and cost data for Spring Company: Direct labor Direct material purchased Direct material used Selling and administrative expenses Factory Overhead $182,000 196,000 195,000 171,000 205,000 Inventory Balances Direct material Work in process Finished Goods March 1 March 31 12,000 ? 25,000 33,000 62,000 55,000 Sales revenue for March 975,000