The Following Data Relate to the Manufacturing Activities of Friends

The following data relate to the manufacturing activities of Friends Industries for the month of March:
$\begin{array}{lll}&\text { March 1 }&\text { March 31 }\\\text { Raw Materials Inventory } & \$ 42,300 & \$ 40,600 \\\text { Factory Supplies Inventory } & 9,600 & 9,800 \\\text { Work-In-Process Inventory } & 102,200 & 103,100 \\\text { Finished Goods Inventory } & 48,700 & 47,300\end{array}$

$\text { Friends incurred the following manufacturing costs during March: }$

$\begin{array}{ll}\text { Raw materials purchased } & 83,500 \\\text { Supplies purchased } & 14,300 \\\text { Wages } & 186,800 \\\text { Utilities } & 1,250 \\\text { Insurance } & 550 \\\text { Depreciation } & 3,100 \\\text { Rent } & 4,400\end{array}$ (Note: Friends Industries treats all raw materials used in production, as well as all wages incurred for production, as direct in nature and such costs are not included in manufacturing overhead.)
Compute Friends' cost of goods sold for March.