Inventories March 1 March 31 Materials $168,250 $148,060 Work in process 112,730 99,200 Finished goods 87,490 100,680 Direct labor Materials purchased during March $302,850 323,040 Factory overhead incurred during March: Indirect labor 32,300 Machinery depreciation 19,520 Heat, light, and power 6,730 Supplies 5,380 Property taxes 4,710 Miscellaneous costs 8,750 a. Prepare a cost of goods manufactured statement for March. Costs Type Amount Amount Amount Work in process inventory, March 1 Direct materials: Materials inventory, March 1 Purchases Cost of materials available for use Materials inventory, March 31 Cost of direct materials used in production $ Direct labor Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead Miscellaneous costs Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Work in process inventory, March 31 Cost of goods manufactured Feedback Check My Work Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 b. Determine the cost of goods sold for March. Q