Please help question b.

Timbuk 3 Company has the following information for March: Cost of direct materials used in production $47,000 Direct labor 57,000 Factory overhead 38,000 Work in process inventory, March 1 39,000 Work in process inventory, March 31 36,200 Finished goods inventory, March 1 24,000 Finished goods inventory, March 31 15,000 a. For March, determine the cost of goods manufactured. Using the data given, prepare a statement of Cost of Goods Manufactured. Timbuk 3 Company Statement of Cost of Goods Manufactured Cost of direct materials used in production i v! Direct labor i J Factory overhead 1 J Total manufacturing costs incurred during March 142,000 J Total manufacturing costs '. 181,000 1.] Less work in process inventory, March 31 1 1.] Cost of goods manufactured w/ b. For March, determine the cost of goods sold. Using the data given, prepare a statement of Cost of Goods Sold. Timbuk 3 Company Statement of Cost of Goods Sold Finished goods inventory, March 1 v 24,000 Cost of goods manufactured 144,800 Cost of finished goods available for sale v 168,800 Less finished goods inventory, March 31 v -21,200 X Cost of goods sold 147,600 X Feedback Check My Work b. Add the cost of goods manufactured to the beginning finished goods inventory. Subtract the ending finished goods inventory. Feedback Check My Work Partially correct