909 Chapter 18 Introduction to Managerial Accounting 13 OBJ. 4 18-5 p. 903 PE 18-5A Cost of goods sold, cost of goods manufactured Timbuk 3 Company has the following information for March: Cost of direct materials used in production to $21,000 Direct labor 54,250 Tois ton Factory overhead sinigan o bieg 299 V i 35,000 Work in process inventory, March 1 na 2001 87,500 Work in process inventory, March 31 malo vise 92,750 Finished goods inventory, March 1 36,750 Finished goods inventory, March 31 42,000 beachevo ) 252205 pnlvtas E-BIKE noblo For March, determine (a) the cost of goods manufactured and (b) the cost of goods sold