Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $240,000 $195,200 Work in process 428,700 510,400 Finished goods 582,100 614,400 Line Item Description Amount Direct labor $3,200,000 Materials purchased during March 2,673,500 Factory overhead incurred during March: Line Item Description Amount Indirect labor 320,000 Machinery depreciation 213,000 Heat, light, and power 174,000 Supplies 36,100 Property taxes 30,000 Miscellaneous costs 48,200 Question Content Area a. Prepare a cost of goods manufactured statement for March. Firetree Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31b. Determine the cost of goods sold for March.