b. Determine the cost of goods sold for March. $__________________

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 $190,500 $163,830 Work in process 127,640 109,770 Finished goods 97,160 109,770 Direct labor $342,900 365,760 Materials purchased during March Factory overhead incurred during March: Indirect labor 36,580 22,100 Machinery depreciation Heat, light, and power Supplies 7,620 6,100 Property taxes 5,330 Miscellaneous costs 9,910 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 $0 Direct materials: Factory overhead: $ Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs