The following information pertains to Flaxman Manufacturing Company for March 2018. Assume actual overhead equaled applied overhead.

March 1
Inventory balances
Raw materials	$	123,700
Work in process		119,200
Finished goods		76,800
March 31
Inventory balances
Raw materials	$	85,900
Work in process		146,200
Finished goods		80,300
During March
Costs of raw materials purchased	$	119,800
Costs of direct labor		100,300
Costs of manufacturing overhead		62,400
Sales revenues		356,000

Required

1. Prepare a schedule of cost of goods manufactured and sold.