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Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows: Inventories March 1 March 31 Materials $315,000 $277,200 Work

Cost data for Mix-A-Lot Manufacturing Company for the month ended March 31, 2016, are as follows:

Inventories

March 1

March 31

Materials $315,000 $277,200
Work in process 214,200 239,400
Finished goods 163,800 189,000

March 31

Direct labor $567,000
Materials purchased during the month 604,800
Factory overhead incurred during the month:
Indirect labor 60,480
Machinery depreciation 36,000
Heat, light, and power 12,600
Supplies 10,080
Property taxes 8,820
Miscellaneous costs 16,380
Required:
A. Prepare a cost of goods manufactured statement for March 2016. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Less or Plus will automatically appear if it is required. Enter all amounts as positive numbers.
B.

Determine the cost of goods sold for March 2016.

Amount Descriptions
Direct labor
Finished goods inventory, March 1, 2016
Finished goods inventory, March 31, 2016
Heat, light, and power
Indirect labor
Machinery depreciation
Materials inventory, March 1, 2016
Materials inventory, March 31, 2016
Miscellaneous cost
Property taxes
Purchases
Supplies
Work in process inventory, March 1, 2016
Work in process inventory, March 31, 2016

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