Cost of Goods Sold, Cost of Goods Manufactured

Timbuk 3 Company has the following information for March:

Cost of direct materials used in production	$46,000
Direct labor	59,000
Factory overhead	34,000
Work in process inventory, March 1	36,000
Work in process inventory, March 31	47,250
Finished goods inventory, March 1	28,000
Finished goods inventory, March 31	17,000

a. For March, determine the cost of goods manufactured.

Using the data given, prepare a statement of Cost of Goods Manufactured.

Timbuk 3 Company
Statement of Cost of Goods Manufactured
		$fill in the blank 83613ff7cfd804e_2
	$fill in the blank 83613ff7cfd804e_4
	fill in the blank 83613ff7cfd804e_6
	fill in the blank 83613ff7cfd804e_8
Total manufacturing costs incurred during March		fill in the blank 83613ff7cfd804e_9
Total manufacturing costs		$fill in the blank 83613ff7cfd804e_10
		fill in the blank 83613ff7cfd804e_12
Cost of goods manufactured		$fill in the blank 83613ff7cfd804e_13

b. For March, determine the cost of goods sold.

Using the data given, prepare a statement of Cost of Goods Sold.

Timbuk 3 Company
Statement of Cost of Goods Sold
	$fill in the blank 67196afaaf8600b_2
	fill in the blank 67196afaaf8600b_4
	$fill in the blank 67196afaaf8600b_6
	fill in the blank 67196afaaf8600b_8
Cost of goods sold	$fill in the blank 67196afaaf8600b_9