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The following information pertains to Flaxman Manufacturing Company for March 2015. Assume actual overhead equaled applied overhead. March 1 Inventory balances Raw materials $ 124,100
The following information pertains to Flaxman Manufacturing Company for March 2015. Assume actual overhead equaled applied overhead. |
March 1 | |||
Inventory balances | |||
Raw materials | $ | 124,100 | |
Work in process | 119,300 | ||
Finished goods | 76,100 | ||
March 31 | |||
Inventory balances | |||
Raw materials | $ | 86,100 | |
Work in process | 145,000 | ||
Finished goods | 81,700 | ||
During March | |||
Costs of raw materials purchased | $ | 119,700 | |
Costs of direct labor | 100,400 | ||
Costs of manufacturing overhead | 62,500 | ||
Sales revenues | 358,000 | ||
Required |
a. | Prepare a schedule of cost of goods manufactured and sold.
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