Partridge, Incorporated incurred the following costs during March:

Raw materials purchased	$ 46,800
Direct labor (9,200 hours)	156,400
Manufacturing overhead (actual)	83,000
Selling expenses	47,400
Administrative expenses	32,600
Interest expense	14,800

Manufacturing overhead is applied on the basis of $8.50 per direct labor hour. Assume that overapplied or underapplied overhead is transferred to cost of goods sold only at the end of the year. During the month, 3,500 units of product were manufactured and 3,400 units of product were sold. On March 1 and March 31, Partridge carried the following inventory balances:

	March 1	March 31
Raw materials	$ 14,200	$ 15,400
Work-in-process	64,700	55,800
Finished process	32,400	40,660

Required:

1. Prepare a Statement of Cost of Goods Manufactured for the month of March, and calculate the average cost per unit produced.
2. Calculate the cost of goods sold during March.
3. Where in the financial statements will the difference between cost of goods manufactured and cost of goods sold be classified?

Complete this question by entering your answers in the tabs below.

• Req A1
• Req A2 to C

Partridge, Incorporated

Statement of Cost of Goods Manufactured

For the month of March

Raw materials
	$

Raw materials available	$
Cost of raw materials
Total Manufacturing Cost
Cost of goods manufactured

a2. calculate the average cost per unit produced. (Round your answer to 2 decimal places.) b. Calculate the cost of goods sold during March. c. Where in the financial statements will the difference between cost of goods manufactured and cost of goods sold be classified?

A2 Cost per unit
B. Cost of goods sold
C. Difference will be classified in