EX 1-15 Statement of cost of goods manufactured for a manufacturing company Obj. Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories Materials Work in process Finished goods March 1 $210,000 435,900 586,200 March 31 $193,100 510,400 615,900 $3,500,000 2,666,200 Direct labor Materials purchased during January Factory overhead incurred during January: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March. b. Determine the cost of goods sold for March. 320,000 210,000 175,000 34,900 30,000 45,700