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ok StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Raw materials Work
ok StorSmart Company makes plastic organizing bins. The company has the following inventory balances at the beginning and end of March: Raw materials Work in process Beginning Inventory $ 29,800 21,700 Ending Inventory $ 25,900 45,800 Finished goods 78,900 68,400 Additional information for the month of March follows: Raw materials purchases Indirect materials used Direct labor Manufacturing overhead applied Selling, general, and administrative expenses Sales revenue $ 40,700 1,700 62,000 35,300 24,300 237,000 nces Required: 1. Based on the above information, prepare a cost of goods manufactured report. 2. Based on the above information, prepare an income statement for the month of March. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare a cost of goods manufactured report. StorSmart Company Cost of Goods Manufactured Report For the Month of March [Beginning Raw Materials Inventory < Prev 2 of 3 Next > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on the above information, prepare a cost of goods manufactured report. StorSmart Company Cost of Goods Manufactured Report For the Month of March Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials Used in Production Direct Labor Manufacturing Overhead Applied Total Current Manufacturing Costs $ 0 Plus: Beginning Work in Process Inventory Total Work in Process $ 0 Less: Ending Work in Process Inventory Cost of Goods Manufactured: Required 1 Required 2 >
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