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Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories Materials Work in process Finished goods Direct labor
Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories Materials Work in process Finished goods Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power 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. Supplies Property taxes Miscellaneous costs 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 Direct materials: Factory overhead: Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March. Round your answer to the nearest dollar. March 1 $223,200 463,300 March 31 $205,230 542,460 623,050 654,590 $3,720,000 2,833,780 340,110 223,200 186,000 37,090 31,880 48,570
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