Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows:

Inventories	March 1			March 31
Materials		$232,800			$214,060
Work in process		483,220			565,800
Finished goods		649,850			682,760
Direct labor					$3,880,000
Materials purchased during March					2,955,670
Factory overhead incurred during March:
Indirect labor					354,740
Machinery depreciation					232,800
Heat, light, and power					194,000
Supplies					38,680
Property taxes					33,250
Miscellaneous costs					50,660

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

1. 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
   Indirect laborMachinery depreciationSuppliesWork in process inventory, March 1Work in process inventory, March 1					$	fill in the blank 3
   Direct materials:
   Machinery depreciationMaterials inventory, March 1SuppliesWork in process inventory, March 31Materials inventory, March 1	$	fill in the blank 5
   Indirect labor Property taxesPurchasesWork in process inventory, March 31Purchases		fill in the blank 7
   Cost of materials available for use Less work in process inventory, March 31SuppliesWork in process inventory, March 1Cost of materials available for use	$	fill in the blank 9
   Indirect labor Materials inventory, March 31Miscellaneous costWork in process inventory, March 31Materials inventory, March 31		fill in the blank 11
   Cost of direct materials used in productionLess work in process inventory, March 31Materials inventory, March 1Total manufacturing costsCost of direct materials used in production			$	fill in the blank 13
   Direct laborIndirect laborMachinery depreciationSuppliesDirect labor				fill in the blank 15
   Factory overhead:
   Indirect laborMaterials inventory, March 1Materials inventory, March 31PurchasesIndirect labor	$	fill in the blank 17
   Direct laborMachinery depreciationPurchasesWork in process inventory, March 31Machinery depreciation		fill in the blank 19
   Direct laborHeat, light, and powerMaterials inventory, March 1Work in process inventory, March 31Heat, light, and power		fill in the blank 21
   Direct laborMaterials inventory, March 1PurchasesSuppliesSupplies		fill in the blank 23
   Materials inventory, March 31Property taxesPurchasesWork in process inventory, March 31Property taxes		fill in the blank 25
   Direct materialsMiscellaneous costsPurchasesWork in process inventory, March 31Miscellaneous costs		fill in the blank 27
   Total factory overhead				fill in the blank 28
   Total manufacturing costs incurred during March						fill in the blank 29
   Total manufacturing costs					$	fill in the blank 30
   Cost of materials available for use Direct materialsMaterials inventory, March 31Work in process inventory, March 31Work in process inventory, March 31						fill in the blank 32
   Cost of goods manufactured					$	fill in the blank 33

2. Determine the cost of goods sold for March. Round your answer to the nearest dollar.

   $fill in the blank 34