The following information pertains to Pandey Manufacturing Company for March 2012. Assume actual overhead equaled applied overhead. March 1 Inventory balances Raw materials $ 129,000 Work in process 124,000 Finished goods 79,000 March 31 Inventory balances Raw materials $ 76,000 Work in process 144,000 Finished goods 81,000 During March Costs of raw materials purchased $ 124,000 Costs of direct labor 92,000 Costs of manufacturing overhead 61,000 Sales revenues 352,000

Prepare a schedule of cost of goods manufactured and sold