Chapter 18 Introduction to Managerial Accounting 909 EE 18-5 p. 903 PE 18-5A Cost of goods sold, cost of goods manufactured Timbuk 3 Company has the following information for March: Show Me How OBJ. 4 Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, March 1 Work in process inventory, March 31 Finished goods inventory, March 1 Finished goods inventory, March 31 $21,000 54,250 35,000 87,500 92,750 36,750 42,000 For March, determine (a) the cost of goods manufactured and (b) the cost of goods sold. EE 18-5 p. 903 OBJ. 4 PE 18-5B Cost of goods sold, cost of goods manufactured Glenville Company has the following information for April: Show Me How Cost of direct materials used in production Direct labor Factory overhead Work in process inventory, April 1 Work in process inventory, April 30 Finished goods inventory, April 1 Finished goods inventory, April 30 $280,000 324,000 188,900 72,300 76,800 39,600 41,200 For April, determine (a) the cost of goods manufactured and (b) the cost of goods sold