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Cost of goods sold, cost of goods manufacturing Timbuk 3 Company has the following information...

Cost of goods sold, cost of goods manufacturing Timbuk 3 Company has the following information for March: Cost of direct materials used in production 21000 Direct labor 54250 Factory overhead 35000 Work in process inventory, March 1 87500 Work in process inventory, march 31 92750 Finished goods inventory, March 1 36750 Finished goods inventory, March 31 42000 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.

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Apr 27 2020 View more View Less

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