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Marco Polo Map Company's cost of goods sold for March was $346 , 000 . March 31 work-in-process inventory was 90 percent of March 1
Marco Polo Map Company's cost of goods sold for March was $346 , 000 . March 31 work-in-process inventory was 90 percent of March 1 work-in-process inventory. Manufacturing overhead applied was 50 percent of direct-labor cost. Other information pertaining to the company's inventories and production for the month of March is as follows: Required: 1. Prepare a schedule of cost of goods manufactured for the month of March. (Do not round your intermediate calculations.) 2. Prepare a schedule to compute the prime costs (direct material and direct labor) incurred during March. (Do not round your intermediate calculations.) 3. Prepare a schedule to compute the conversion costs (direct labor and manufacturing overhead) charged to work in process during March. (Do not round your intermediate calculations.)
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