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Question - Cost of Goods Manufactured - Woods, Inc. manufactures calculators. During March, Woods transactions and accounts included the following:
Work in process inventory, March 1st
$8,800
Work in process inventory, March 31st
7,500
Raw materials inventory, March 1st
4,600
Raw materials inventory, March 31st
5,800
Sales
42,000
Direct labor cost
55,000
Manufacturing overhead
49,600
Raw materials purchased
139,900
Finished goods inventory, March 1st
12,300
Finished goods inventory, March 31st
11,600
How much is the cost of inventory by category on the March 31st balance sheet?
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