Karmon audio, inc. manufactures speakers. during march, karmons transactions and accounts included the following: raw materials acquired for cash $82,500 cost of direct materials used in production 81,900 costs to ship products to customers 1,000 direct labor cost incurred 41,000 total manufacturing overhead incurred 25,000 raw materials inventory, beginning 3,500 raw materials inventory, ending 3,600 work in process inventory, beginning 12,000 work in process inventory, ending 14,200 how much is cost of goods manufactured for march?

Given:
raw materials acquired for cash $82,500
cost of direct materials used in production 81,900
costs to ship products to customers 1,000
direct labor cost incurred 41,000
total manufacturing overhead incurred 25,000

raw materials inventory, beginning 3,500
raw materials inventory, ending 3,600

work in process inventory, beginning 12,000
work in process inventory, ending 14,200


Total Manufacturing Cost
Cost of Direct Materials used in production         81,900
Direct labor cost incurred                                     41,000
Total manufacturing overhead incurred               25,000
Sum total                                                            147,900

Cost of Goods Manufactured:
Total Manufacturing Cost                                     147,900
Add: Beginning Work in process inventory             12,000
Deduct: Ending Work in process inventory            -14,200
Cost of Goods Manufactured:                           145,700