$50,000 $26,000 56,000 Depreciation - plant & equipment Repairs and maintenance plant Insurance on plant 8,000 100,000 18,000 Raw materials inventory - beg. of month Raw materials inventory - end of month Work in process inv. beg. of month Work in process inv. end of month Finished goods inv. - beg. of month Finished goods inv. - end of month Purchase of direct materials 70,000 General and administration exp. 25,000 36,000 Indirect labor 30,000 50,000 Direct labor 164,000 30,000 Marketing expenses 40,000 Globlex Corporation Schedule of Cost of Goods Sold For the Quarter Ended March 2021 Beginning Finished Goods $36,000 (From Chart) Add: Cost of goods Manufactured $ Cost of goods Available for Sale Ending Finished Inventory Cost of Goods Sold Globlex Corporation Schedule of Cost of Goods Manufactured For the Quarter Ended March 2021 100,000 Beginning Work In progress Add: Cost of Direct Materials used Direct Labor Manufacturing Overhead: Indirect Materials $ Indirect Labor Depreciation Manufacturing Equipment Plant Overhead Plant Utilities Property Taxes Current Manufacturing Cost Total Manufacturing Cost Ending work in progress Cost of goods manufactured