Reference no: EM133024368
Question - Timbuk 3 Company has the following information for March:
Cost of direct materials used in production 59,000
Direct labor 72,000
Factory overhead 22,000
Work in process inventory, March 1 50,000
Work in process inventory, March 31 40,600
Finished goods inventory, March 1 21,000
Finished goods inventory, March 31 16,000
a. For March, determine the cost of goods manufactured.
b. Using the data given, prepare a statement of Cost of Goods Manufactured.
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