Reference no: EM132557789
Question - Concord Audio, Inc. manufactures speakers. During March, Concord's transactions and accounts included the following:
Raw materials acquired for cash $82800
Cost of direct materials used in production 81600
Costs to ship products to customers 1000
Direct labor cost incurred 41200
Total manufacturing overhead incurred 24700
Raw materials inventory, beginning 3500
Raw materials inventory, ending 3500
Work in process inventory, beginning 11500
Work in process inventory, ending 14800
Required - How much is cost of goods manufactured for March?