Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories Materials Work in process Finished goods March 1 $237,600 March 31 $218,470 493,190 577,460 663,250 696,820 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs $3,960,000 3,016,610 362,050 237,600 198,000 39,480 33,940 51,710 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. X 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 Work in process inventory, March 1 Direct materials: Materials inventory, March 1 Purchases Cost of materials available for use Materials inventory, March 31 Cost of direct materials used in production Direct labor $ 237,600.00 3,016,610.0 $ 218,470.00 493,190.00 Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs $ 362,050.00 237,600.00 198,000.00 39,480.00 33,940.00 51,710.00 Cost of goods manufactured b. Determine the cost of goods sold for March. Round your answer to the nearest dollar.