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Mat company purchases of materials during March totaled $110,000, and the cost of goods sold for March was $345,000. Factory overhead was 50% of direct
Mat company purchases of materials during March totaled $110,000, and the cost of goods sold for March was $345,000. Factory overhead was 50% of direct labor cost. Other information pertaining to mat company's inventories and production for March is as follows. Required: 1. Prepare a schedule of cost of goods manufactured for March. 2. Compute the prime cost charged to work in process during March. 3. Compute the conversion cost charged to work in process during March
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