Schedule of Cost of Goods Manufactured. The balance in Reid Companys work-in-process inventory account was $300,000 at the beginning of March and $320,000 at the end of March. Manufacturing costs for the month follow.

Direct materials (from the schedule of raw materials placed in production)	$ 40,000
Direct labor	$ 70,000
Manufacturing overhead	$200,000

Required:

Prepare a schedule of cost of goods manufactured for the month of March.