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Cost of goods sold, cost of goods manufacturingTimbuk 3 Company has the following information for March:a. For March, determine the cost of goods manufacturing.Using the data given, prepare a statemen
Cost of goods sold, cost of goods manufacturingTimbuk 3 Company has the following information for March:a. For March, determine the cost of goods manufacturing.Using the data given, prepare a statement of cost of goods manufacturing.b. For March, determine the cost of goods sold.Using the data given, prepare a statement of cost of goods sold.
Cost of direct materials used in production21000
Direct labor54250
Factory overhead35000
Work in proicess inventory, March 187500
Work in process inventory, march 3192750
Finished goods inventory, March 136750
Finished goods inventory, March 3142000
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************** * **************** ** **** ** ***** ManufacturedWork in ******* inventory March ********** ** direct materials used ** ********************* ***************** ****************** ************* ***** ******** ****** **************** manufacturing costs197750Less: **** ** ******* ********* ***** 31-92750Cost ** goods ************************* 3 **************** ** **** of Goods ************ goods ********* March 136750Cost ** ***** ********************** ** ******** ***** ********* *** *************** Finished goods ********* March ************ ** ***** *********
