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Answer for the missing numbers with ? Cost of Goods Sold Work in process, March 1 $17,000 Materials, March 1 $6,000 Purchase of Materials $85,000

Answer for the missing numbers with ?

Cost of Goods Sold

Work in process, March 1 $17,000

Materials, March 1 $6,000

Purchase of Materials $85,000

Cost of materials available for use = ?

Less Materials, March 31 $7,000

Cost of materials placed in production = ?

Direct Labor $25,000

Factory Overhead:

Indirect labor $15,000

Indirect materials = ?

Other factory supplies & utilities $9,000

Total factory overhead $34,000

Total manufacturing costs added = ?

Less wor in process inventory, March 31 $18,500

Cost of good manufactured = ?

Income Statement

Sales $235,000

Finished goods inventory March 1 $21,000

Cost of goods manufactured ?

Cost of finished goods available ?

Less: finished good inventory March 31

Cost of good sold ?

Less: selling and admin expenses $78,000

Net Income = ?

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