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Cost of Goods Manufactured Woods, Inc. manufactures calculators. During March, Woods transactions and accounts included the following:

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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 31 st balance sheet?
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Accounting-8196496.xls

SOLUTION:
Computation of Cost of goods manufactured
Particulars Amount Beginning Raw Materials
Add: Materials Purchased
Less: Ending Materials $4,600.00
$139,900.00
$5,800.00 Materials Cost...

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