Cost of Goods Sold, Cost of Goods Manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production$21,000 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 54,250 35,000 87,500 92,750 36,750 42,000 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 Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. For March, determine the cost of goods sold Using the data aiven. prepare a statement of Cost of Goods Sold March 31 Finished goods inventory, 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 Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured 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 Cost of goods sold