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The following information pertains to Big Three Manufacturing Company for March 2018. Assume actual overhead equaled applied overhead. March 1 Inventory balances Raw materials $
The following information pertains to Big Three Manufacturing Company for March 2018. Assume actual overhead equaled applied overhead.
March 1 |
|
|
Inventory balances |
|
|
Raw materials | $ | 12,707 |
Work in process |
| 17,429 |
Finished goods |
| 9,476 |
March 31 |
|
|
Inventory balances |
|
|
Raw materials | $ | 11,843 |
Work in process |
| 13,186 |
Finished goods |
| 7,887 |
During March |
|
|
Costs of raw materials purchased | $ | 63,497 |
Costs of direct labor |
| 20,288 |
Costs of manufacturing overhead |
| 12,279 |
Sales revenues |
| 193,247 |
The gross profit is $______________
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