Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $190,000 $ 161,500 108,210 Work in process Finished goods 127,300 98,800 109,820 Direct labor $342,000 364,800 Materials purchased during March Factory overhead incurred during March: Indirect labor 36,480 22,040 Machinery depreciation Heat, light, and power Supplies 7,600 6,080 5,320 Property taxes Miscellaneous costs 9,880 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Direct materials: Factory overhead: li bbbb0 bili I Total factory overhead Total manufacturing costs incurred during March 11 Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March. $