The following information is available for Keystone Company.

March 1

March 31

Raw materials inventory



Work in process inventory



Materials purchased in March

$ 90,000

Direct labor in March


Manufacturing overhead in March


Prepare the cost of goods manufactured schedule for the month of March.

Start with beginning work in process as the first item in the cost of goods manufactured schedule.

Sum direct materials used, direct labor, and manufacturing overhead to determine total manufacturing costs.

Sum beginning work in process and total manufacturing costs to determine total cost of work in process.

Cost of goods manufactured is the total cost of work in process less ending work in process.