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Hofstra Plastics' selected data for March 2017 are presented here (in millions): (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate
Hofstra Plastics' selected data for March 2017 are presented here (in millions): (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate the cost of direct materials inventory 3/31/2017. Direct materials inventory 3/31/2017 $ 105 Direct materials inventory 3/1/2017 Direct materials purchased 350 Direct materials used 365 475 245 1,600 Total manufacturing overhead costs Variable manufacturing overhead costs Total manufacturing costs incurred during March 2017 Work-in-process inventory 3/1/2017 Cost of goods manufactured Finished goods inventory 3/1/2017 Cost of goods sold 205 1,680 140 1,760 re i Requirements Calculate the following costs: 1. Direct materials inventory 3/31/2017 2. Fixed manufacturing overhead costs for March 2017 3. Direct manufacturing labor costs for March 2017 4. Work-in-process inventory 3/31/2017 5. Cost of finished goods available for sale in March 2017 6. Finished goods inventory 3/31/2017
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