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Required information [The following information applies to the questions displayed below] Marco Polo Map Companys cost of go
Required 1. Prepare a schedule of cost of goods manufactured for the month of March MARCO POLO MAP COMPANY Schedule of Cost o
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Answer #1

Schedule of cost of goods manufactured

For the month of March

Direct material
Raw material inventory March 1 16000
Raw material purchase 114000
Raw material available for use 130000
Less: Raw material March 31 -26000
Raw material used 104000
Direct labor (240000/1.5) 160000
Manufacturing overhead applied 80000
Total manufacturing cost 344000
Beginning work in process 40000
Sub total 384000
Less: Ending work in process (40000*90%) 36000
Cost of goods manufactured 348000
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