Answers:	
Calculation of cost of goods manufactured:	
Particulars                                                      Amount(in $)
Cost of direct material                                    $15,401
Add: Direct labour                                           $24,583
Add: Factory overhead                                   $35,335
Add: Work In process inventory, March 1      $20,021
Less: Work in process inventory, March 31   <u>$20,681</u>
Cost of goods manufactured                        <u>$74,659</u>
 
Calculation of Cost of goods sold:	
Particulars                                                      Amount(in $)
Cost of goods manufactured                        $74,659
Add: Finished goods inventory, March 1      $24,889
Less: Finished goods inventory, March 31   <u>$27,311   </u>
Cost of goods sold                                        <u>$72,237</u>