Cost of Goods Sold Clear Water Drinking Company manufactures high-quality drinking flasks. During the month of March, 200,000 flasks were completed at a cost of goods manufactured of $4,030,000. Suppose that on March 1, Clear Water had 11,000 units in finished goods inventory costing $100,000 and on March 31, 10,000 units in finished goods inventory costing $85,000. 1. Prepare a cost of goods sold statement for the month of March. Clear Water Drinking Company Cost of Goods Sold Statement For the Month of March Line Item Description Amount Cost of goods manufactured 4,030,000 Finished goods inventory, March 1 100,000 Finished goods inventory, March 31 Cost of goods sold. 4,045,000