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CoursHeroTranscribedText: 34. LO.7 (CGM; CGS) The cost of goods sold in March 2010 for Targe...

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CoursHeroTranscribedText: 34. LO.7 (CGM; CGS) The cost of goods sold in March 2010 for Targe Co. was $2,644,100. March 31 Work in Process Inventory was 25 percent of the March 1 Work in Process Inventory. Overhead was 225 percent of direct labor cost. During March, $1,182,000 of direct material was purchased. Other March information follows: Inventories March 1 March 31 Direct Material $ 30,000 $ 42,000 Work in Process 90,000 Finished Goods 125,000 18,400 a. Prepare a schedule of the cost of goods sold for March. b. Prepare the March cost of goods manufactured schedule. c. What was the amount of prime cost incurred in March? d. What was the amount of conversion cost incurred in March

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