The following items appear in the post-closing trial balance for March 1 and on the adjusted, preclosing trial balance at March 31 of Price Company. Price Company prepares financial statements monthly.

		1-Mar	31-Mar
	Raw materials	$10,000	$ 8,000
	Work in process	15,000	25,000
	Finished goods inventory	10,000	14,000
	Sales (Cr balance)	-	600,000
	Allowance for uncollectible accounts (Cr balance)	6,000	10,000
	During the month of March, Price Company incurred the following costs:
	Raw materials used in production	$130,000
	Labor costs used in production	80,000
	Labor costs used in administration and marketing	10,000
	Factory overhead costs for production	60,000
	Office administration costs, other than labor	12,000
	Accounts receivable written off as uncollectible	9,000
Required: (USE T -accounts and formulas to justify your answers)
a.	What was the acquisition cost of raw materials purchased during the month of March?
b.	What was the total cost of goods completed during the month of March?
c.	What was the Cost of Goods Sold during the month of March?
d.	What was the Uncollectible account expense for the month of March?
e.	What was the Income (before taxes) for the month of March?
f.	Explain briefly why no amount for sales appears in the March 1 trial balance.