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Walmart Inc. provides the following information for its cost accounting department for the month of March 2024: Direct materials purchased: $500,000 Direct labor costs: $300,000
Walmart Inc. provides the following information for its cost accounting department for the month of March 2024:
- Direct materials purchased: $500,000
- Direct labor costs: $300,000
- Manufacturing overhead costs: $200,000
- Work in process inventory, March 1, 2024: $100,000
- Work in process inventory, March 31, 2024: $150,000
Using the above information, prepare the cost of goods manufactured statement for Walmart Inc. for the month of March 2024.
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