Jasper, Inc. reports the following cost information for March:Cost of Goods Manufactured $74,100Manufacturing Overhead 18,800Finished Goods Inventory, March 1 4,500Finished Goods Inventory, March 31 2,000Work-in-Process Inventory, March 1 9,100Work-in-Process Inventory, March 31 1,100Direct Materials Used 25,600What is the cost of goods sold for March?

Question

Daisy Buckley

Business

12 November, 07:18

Jasper, Inc. reports the following cost information for March:Cost of Goods Manufactured $74,100Manufacturing Overhead 18,800Finished Goods Inventory, March 1 4,500Finished Goods Inventory, March 31 2,000Work-in-Process Inventory, March 1 9,100Work-in-Process Inventory, March 31 1,100Direct Materials Used 25,600What is the cost of goods sold for March?

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Nellie · Answer 1

What is the cost of goods sold for March?

$ 129,000

Explanation:

March 1 March 31 MARCH

Direct Materials Used $ 25,600 $ 25,600

Work-in-Process Inventory $ 9,100 $ 1,100 $ 8,000

Finished Goods Inventory $ 4,500 $ 2,000 $ 2,500

Cost of Goods Manufactured $ 74,100 $ 74,100

Manufacturing Overhead $ 18,800 $ 18,800

Costo of Goods Manufactured $ 129,000