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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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