Cost of goods sold, cost of goods manufacturedTimbuk 3 Company has the following information for March:Cost of direct materials used in production21000Direct labor54250Factory overhead 35000Work in process inventory, March 187500Work in process inventory, March 3192750Finished goods inventory, March 136750Finished goods inventory, March 3142000a. For March, determine the cost of goods manufactured.Using the dada given, prepare a statement of cost of goods manufactured.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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