Albright Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted: 
Required:
a.Prepare a cost of goods manufactured schedule for the quarter.
b.Prepare a cost of goods sold schedule for the quarter.
Definitions:
Producer Surplus
The difference between what producers are willing to accept for a product because of its cost of production and what they actually receive (the market price).
Economy
A system for coordinating society’s productive activities.
Producer Surplus
The excess amount that producers make from selling a product over their minimum acceptable price.
Autarky
An economic system characterized by self-sufficiency, where a region or country aims to produce all it needs without engaging in international trade.
Q33: Which costing system is well-suited for companies
Q39: Operating personnel must be able to estimate
Q49: A(n)_ is a binding agreement between a
Q53: Backflush costing does not strictly adhere to
Q83: Which of the following is NOT a
Q97: Which of the following statements about the
Q118: Backflush costing uses normal or standard costs.
Q138: Using the FIFO method of process costing,
Q179: lubricants for machines
Q196: In capital budgeting a single discount fits