March 31 The following information is available for Keystone Company. March 1 Raw material inventory $12,000 Work in process inventory 2,500 Materials purchased in March $ 90,000 Direct labor in March 75,000 Manufacturing overhead in March 220,000 $10,000 4,000 Prepare the cost of goods manufactured schedule for the month of March. 1-42 LO 6 Indicate how cost of goods manufactured is determined. KEYSTONE MANUFACTURING COMPANY Cost of Goods Manufactured Schedule For the Month Ended March 31 Work in process, March 1 Direct materials Direct labor Manufacturing overhead Cost of goods manufactured 1-43 LO 6 Indicate how cost of goods manufactured is determined