1. The following information is available for Keystone Manufacturing Company.
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March 1 |
March 31 |
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Raw material inventory |
$12,000 |
$10,000 |
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Work in process inventory |
2,500 |
4,000 |
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Materials purchased in March |
$ 90,000 |
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Direct labor in March |
75,000 |
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Manufacturing overhead in March |
220,000 |
Prepare the cost of goods manufactured schedule for the month of March.