Required Information [The following information applies to the questions displayed below) Marco Polo Map Company's cost of goods sold for March was $344,000. 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: Beginning Inventories, March 1: Raw material Work in process Finished goods Purchases of raw material during March Ending inventories, March 31: Raw material Work in process Finished goods $ 16,00 40,000 1e1,eee 114,000 26, 105, Bee 2. Prepare a schedule to compute the prime costs (direct material and direct labor) incurred during March MARCO POLO MAP COMPANY Schedule of Prime Costs For the Month of March Raw material Beginning inventory Raw material available for use Raw material used 3. Prepare a schedule to compute the conversion costs (direct labor and manufacturing overhead, charged to work in process during March MARCO POLO MAP COMPANY Schedule of Conversion Costs For the Month of March Total conversion cost Ned