Timbuk 3 Company has the following information for March:

Cost of direct materialsused in production 59,000

Direct labor 72,000

Factory overhead 22,000

Work in process inventory, March 1 50,000

Work in process inventory, March 31 40,600

Finished goods inventory, March 1 21,000

Finished goods inventory, March 31 16,000

a.For March, determine the cost of goods manufactured.

Using the data given, prepare a statement of Cost of Goods Manufactured.

Timbuk 3 Company

Statement of Cost of Goods Manufactured

Questions:

Total manufacturing costs incurred during March-

Total manufacturing costs-

Less work in process inventory, March 31-

Cost of goods manufactured-

Finished goods inventory, March 1-

Cost of goods manufactured-

Cost of finished goods available for sale-

Less finished goods inventory, March 31-