Question
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 Supplies Property taxes Miscellaneous costs March 1 $187,200 388,570 522,560 March 31 $172,130 454,970 549,020 $3,120,000 2,376,720 285,250 187,200 156,000 31,110 26,740 40,740 a. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Direct materials: Factory overhead: Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 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.
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