A new computer virus (AcctBGone) destroyed most of the company records at BackupsRntUs. The computer experts at the company could recover only a few fragments of the company's factory ledger for March as follows. Direct Materials Inventory 88 (3/1) 90,300 Finished Goods Inventory EB (3/31) 65,900 Manufacturing Overhead Control Work-In-Process Inventory BB (3/1) 27,500 | Cost of Goods Sold Accounts Payable 53,900 EB (3/31) Further investigation and reconstruction from other sources yielded the following additional information The controller remembers clearly that actual manufacturing overhead costs are recorded at $18 per direct labor-hour. (The company assigns actual overhead to Work-in-Process Inventory.) The production superintendent's cost sheets showed only one job in Work-in-Process Inventory on March 31. Materials of $14,700 had been added to the job, and 250 direct labor-hours had been expended at $36 per hour The Accounts Payable are for direct materials purchases only, according to the accounts payable clerk. He clearly remembers that the balance in the account was $36,900 on March 1. An analysis of canceled checks (kept in the treasurer's office) shows that payments of $252,600 were made to suppliers during the month. The payroll ledger shows that 5.200 direct labor-hours were recorded for the month. The employment department has verified that there are no variations in pay rates among employees (this infuriated Steve Fung, who believed that his services were underpaid) Records maintained in the finished goods warehouse indicate that the finished goods inventory totaled $108,500 on March 1 The cost of goods manufactured in March was $564,200.