Cos: data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $229,200 $210,250 Work in process 425,250 552,050 Finished goods 639,800 622,200 Direct labor $3,820,000 Materials purchased during March 2,909,960 Factory overhead incurred during March: Indirect labor 349,250 Machinery depreciation 229,200 Heat, light, and power 191,000 Supplies 38,090 Property taxes 32,240 Miscellaneous costs 49,880 Purchases 2,909,960 V Cost of materials available for use X Materials inventory, March 31 210,750 V Cost of direct materials used in production $ Direct labor 3,820,000 Factory overhead: Indirect labor 349,250 Machinery depreciation 229,200 Heat, light, and power 191,000 Supplies 38,090 Property taxes 32,740 Miscellaneous costs 49,880 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Work in process inventory, March 31 Cost of goods manufactured $ b. Determine the cost of goods sold for March. Round your answer to the nearest dollar.For the Month Ended March 31 Formulas Machinery depreciation Direct materials: Factory overhead: Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured Cost of goods sold for March