Question 5 Not complete Shea Company reported raw material purchases of $1,400, paid $1,200 in factory labor, and incurred and applied $900 in factory overhead for March. The March 1 inventory balances were $200 for raw materials, $600 for work-in-process inventory, and $400 for finished goods inventory. On March 31, inventory balances were $300 for raw materials, $500 for work-in-process inventory, and $600 for finished goods inventory. What was Shea's cost of goods manufactured for March? Complete the following table to determine Shea's cost of goods manufactured for March. Note: Use negative signs with answers, when appropriate.