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Cost of Goods Manufactured and Sold) (14 Marks) You have obtained the following partially completed Statement of Costs of Manufactured and Sold for the month

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Cost of Goods Manufactured and Sold) (14 Marks) You have obtained the following partially completed Statement of Costs of Manufactured and Sold for the month of March, Year 2. Upon review of the books discussions with key personnel, you are able to gather additional key information as sho below Incomplete Statement of Cost of Goods Manufactured and Sold for the month of March: S 300,000 Direct Materials used Direct Labour cost Manufacturing Overhead Costs Indirect Labour Depreciation Expense Factory Factory Rent Factory Insurance Factory Supplies Used Factory Utilities $30,000 $40,000 $20,000 $15,000 Total Manufacturing Overhead Costs Beginning Work-in-process Inventory Total Manufacturing Costs Incurred S$? S? S? S? S 120,000 Ending Work-in-process Inventory Beginning Finished Goods Inventory Cost of Goods Available for Sale Ending Finished Goods Inventory $ 60,000 S? Cost of Goods Sold rm .Sales revenue in the month of March totaled $1,000,000 . The gross profit margin in March was 35 .The Manufacturing Costs Incurred totaled $700.000 Total Direct Costs amounted to $490,000 Total Manufacturing Costs to Account for is 125% of the Cost of Goods Manufactured. Requirement omplete the above statement by filling in all missing titles (?) and amounts (?) lo abbreviations are permitted when completing the above statement.)

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