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3/7/22, 8:55 AM CengageNOWv2 | Online teaching and learning resource from Cengage Learning Statement of cost of goods manufactured for a manufacturing company Cost data
3/7/22, 8:55 AM CengageNOWv2 | Online teaching and learning resource from Cengage Learning Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $219,600 $201,920 Work in process 455,820 533,710 Finished goods 613,000 644,030 Direct labor $3,660,000 Materials purchased during March 2,788,080 Factory overhead incurred during March: Indirect labor 334,620 Machinery depreciation 219,600 Heat, light, and power 183,000 Supplies 36,490 Property taxes 31,370 Miscellaneous costs 47,790 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 i | $ Direct materials: Factory overhead: l 1 $ i. i : l: :2 $E LI :1 ll 3;: 1:] [:1 https:.'/v2 .cen gagenow.comfllrnakeAssignmentltakeAssign mentMain.do?invoker=&takeAssign mentSessionLocator=&inprogress=false
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