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$438,390 Direct materials: Materials inventory, March 1 $211,200 Purchases $2,681,430 Cost of materials available for use $2,892,630 Materials inventory, March 31 $194,200 Cost of direct

$438,390 Direct materials: Materials inventory, March 1 $211,200 Purchases $2,681,430 Cost of materials available for use $2,892,630 Materials inventory, March 31 $194,200 Cost of direct materials used in production $2,698,820 Direct labor $3,520,000 Factory overhead: Indirect labor $321,820 Machinery depreciation $211,200 Heat, light, and power $176,000 Supplies $35,090 Property taxes $30,170 Miscellaneous costs $45,960 Total factory overhead $820,240 Total manufacturing costs incurred during March $7,039,060 Work in process inventory, March 31 $513,310 Cost of goods manufactured $7,065,760 To determine the cost of goods sold for March: Cost of goods manufactured $7,065,760 Add: Finished goods inventory at March 1 589550 Less: Finished goods inventory at

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