The following information pertaining to Floyd Co.'s manufacturing operations: Inventories March 1, 2020 March 31, 2020 Direct materials $36,000 $30,000 Work in process $18,000 $12,000 Finished goods $54,000 $72,000 Additional information for the month of March 2020 Direct materials purchased Direct manufacturing labor payroll Direct manufacturing labor rate per hour Factory overhead rate per direct labor hour $84,000 $60,000 $7.50 $10.00 For the month of March 2020, cost of goods manufactured was $236,000 $230,000 $224,000 $218,000