The cost of goods sold in March 2010 for Targ Co. was $2,644,100. March 31 Work in Process Inventory was 25 percent of the March 1 Work in Process Inventory. Overhead was 225 percent of direct labor cost. During March, $1,182,000 of direct material was purchased. Other March information follows: Inventories March 1 March 31 Direct Material $ 30,000 $ 42,000 Work in Process 90,000 ? Finished Goods 125,000 18,400 a. Prepare a schedule of the cost of goods sold for March. b. Prepare the March cost of goods manufactured schedule. c. What was the amount of prime cost incurred in March? d. What was the amount of conversion cost incurred in March? I only need to figure out the Direct Labor cost I have the other info for the attached spread sheet schedule please see and help me with the direct labor cost only thanks

Exercise 2-34 Name: Cynthia Brown Enter the appropriate amounts in the gray-shaded cells of columns E and F. Enter amounts to be subtracted as negatives. If an answer is incorrect, the word "wrong" will appear. a. Targ Co. Cost of Goods Sold Schedule For the Month Ended March 31, 2010 Beginning finished goods inventory Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold b. Targ Co. Cost of Goods Manufactured Schedule Beginning work in process inventory Direct material: Beginning direct material inventory Direct material purchased Direct material available Less: Ending direct materials inventory Direct materials used in production Direct labor cost Total overhead cost Total cost to account for Less: Ending work in process inventory Cost of goods manufactured c. d. $125,000 2,537,500 $2,662,500 (18,400) $2,644,100 Prime Cost Direct materials Direct labor Total prime cost Conversion Cost Direct labor Overhead Total conversion cost $90,000 $30,000 1,182,000 $1,212,000 (42,000) 1,170,000 $286,910 (22,500) $2,644,100 $1,170,000 Exercise 2-34 Name: Cynthia Brown Enter the appropriate amounts in the gray-shaded cells of columns E and F. Enter amounts to be subtracted as negatives. If an answer is incorrect, the word "wrong" will appear. a. Targ Co. Cost of Goods Sold Schedule For the Month Ended March 31, 2010 Beginning finished goods inventory Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold b. Targ Co. Cost of Goods Manufactured Schedule Beginning work in process inventory Direct material: Beginning direct material inventory Direct material purchased Direct material available Less: Ending direct materials inventory Direct materials used in production Direct labor cost Total overhead cost Total cost to account for Less: Ending work in process inventory Cost of goods manufactured c. d. $125,000 2,537,500 $2,662,500 (18,400) $2,644,100 Prime Cost Direct materials Direct labor Total prime cost Conversion Cost Direct labor Overhead Total conversion cost $90,000 $30,000 1,182,000 $1,212,000 (42,000) 1,170,000 Direct Labor, x= 18,461.54 5923.076923 $286,910 (22,500) $1,170,000 Exercise 2-34 Name: Cynthia Brown Enter the appropriate amounts in the gray-shaded cells of columns E and F. Enter amounts to be subtracted as negatives. If an answer is incorrect, the word "wrong" will appear. a. Targ Co. Cost of Goods Sold Schedule For the Month Ended March 31, 2010 Beginning finished goods inventory Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold b. Targ Co. Cost of Goods Manufactured Schedule Beginning work in process inventory Direct material: Beginning direct material inventory Direct material purchased Direct material available Less: Ending direct materials inventory Direct materials used in production Direct labor cost Total overhead cost Total cost to account for Less: Ending work in process inventory Cost of goods manufactured c. d. $125,000 2,537,500 $2,662,500 (18,400) $2,644,100 Prime Cost Direct materials Direct labor Total prime cost Conversion Cost Direct labor Overhead Total conversion cost $90,000 $30,000 1,182,000 $1,212,000 (42,000) 1,170,000 Direct Labor, x= 18,461.54 5923.076923 $286,910 (22,500) $1,170,000 Exercise 2-34 Name: Cynthia Brown Enter the appropriate amounts in the gray-shaded cells of columns E and F. Enter amounts to be subtracted as negatives. If an answer is incorrect, the word "wrong" will appear. a. Targ Co. Cost of Goods Sold Schedule For the Month Ended March 31, 2010 Beginning finished goods inventory Cost of goods manufactured Cost of goods available for sale Less: Ending finished goods inventory Cost of goods sold b. Targ Co. Cost of Goods Manufactured Schedule Beginning work in process inventory Direct material: Beginning direct material inventory Direct material purchased Direct material available Less: Ending direct materials inventory Direct materials used in production Direct labor cost Total overhead cost Total cost to account for Less: Ending work in process inventory Cost of goods manufactured c. d. $125,000 2,537,500 $2,662,500 (18,400) $2,644,100 Prime Cost Direct materials Direct labor Total prime cost Conversion Cost Direct labor Overhead Total conversion cost $90,000 $30,000 1,182,000 $1,212,000 (42,000) 1,170,000 Direct Labor, x= 18,461.54 5923.076923 $286,910 (22,500) $1,170,000