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StorSmart Company makes plastic organizing bins. The company has the following Inventory balances at the beginning and end of March: Beginning Ending Inventory Inventory
StorSmart Company makes plastic organizing bins. The company has the following Inventory balances at the beginning and end of March: Beginning Ending Inventory Inventory Raw materials $28,400 $26,400 Work in process 22,500 45,000 Finished goods 78,200 68,200 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 Required: $ 41,900 1,800 63,800 36,800 24,100 237,100 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 Direct Materials Used in Production Total Current Manufacturing Costs $ 0 Total Work in Process Cost of Goods Manufactured $ 0
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