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