Statement of Cost of Goods Manufactured for a Manufacturing Company

Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows:

Inventories	March 1	March 31
Materials	$130,000	$111,800
Work in process	88,400	76,020
Finished goods	66,300	76,020

Line Item Description	Amount
Direct labor	$234,000
Materials purchased during March	249,600

Factory overhead incurred during March:

Line Item Description	Amount
Indirect labor	24,960
Machinery depreciation	15,080
Heat, light, and power	5,200
Supplies	4,160
Property taxes	3,640
Miscellaneous costs	6,760

a. Prepare a cost of goods manufactured statement for March.

Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31

Costs Type	Amount	Amount	Amount
Indirect laborMachinery depreciationSuppliesWork in process inventory, March 1Work in process inventory, March 31			$
Direct materials:
Machinery depreciationMaterials inventory, March 1SuppliesWork in process inventory, March 1Work in process inventory, March 31	$
Indirect laborProperty taxesPurchasesWork in process inventory, March 1Work in process inventory, March 31	$
Cost of materials available for useIndirect laborSuppliesWork in process inventory, March 1Work in process inventory, March 31	$
Indirect laborMaterials inventory, March 31Miscellaneous costsWork in process inventory, March 1Work in process inventory, March 31	$
Cost of direct materials used in productionMaterials inventory, March 1Total manufacturing costsWork in process inventory, March 1Work in process inventory, March 31		$
Direct laborIndirect laborMachinery depreciationSuppliesWork in process inventory, March 31		$
Factory overhead:
Direct laborIndirect laborMaterials inventory, March 1Materials inventory, March 31Purchases	$$
Direct laborHeat, light, and powerMaterials inventory, March 1Work in process inventory, March 1Work in process inventory, March 31	$
Direct laborMaterials inventory, March 1PurchasesSuppliesWork in process inventory, March 31	$
Materials inventory, March 31Property taxesPurchasesWork in process inventory, March 1Work in process inventory, March 31	$
Direct materialsMiscellaneous costsPurchasesWork in process inventory, March 1Work in process inventory, March 31	$
Total factory overhead		$
Total manufacturing costs incurred during March			$
Total manufacturing costs			$
Cost of materials available for useDirect materialsMaterials inventory, March 31Work in process inventory, March 1Work in process inventory, March 31			$
Cost of goods manufactured			$

b. Determine the cost of goods sold for March. $