in thousand dollars

Direct materials purchased 90

WIP Inventory, 1 March 2020 30
Direct materials inventory, 1 March 2020 13.5
Finished goods inventory, 1 March 2020 190
Conversion Cost 340
Total manufacturing costs added during the
400
period
5 times direct
Cost of goods manufactured
materials used
Gross margin as percentage of revenues 30%
Revenues 640

Beginning Direct Materials 13.5

Direct Materials Purchased 90.0
Direct Materials Available for Use 103.5
Ending Direct Materials 43.5
Direct Materials Used 60.0
Conversion Cost 340.0
Manufacturing Cost Added During the Period 400.0

Beginning WIP Inventory 30.0

Manufacturing Cost to Account for 430.0
Ending WIP Inventory 130.0
Cost of Goods Manufactured 300.0

Beginning Finished Goods Inventory 190.0

Cost of Goods Available for Sale 490.0
Ending Finished Goods Inventory 42.0
Cost of Goods Sold 448.0