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i need help with this question Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month

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Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Materials $174,250 $155,080 118,490 105,450 Work in process Finished goods 88,870 103,900 Direct labor $313,650 334,560 Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power 33,460 20,210 6,970 Supplies 5,580 4,880 Property taxes Miscellaneous costs 9,060 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured Work in process inventory, March 1 118,490 Direct materials: Materials inventory, March 1 174,250 Purchases Cost of materials available for use Materials inventory, March 31 155,080 Cost of direct materials used Direct labor 313,650 Factory overhead: Indirect labor 33,460 Machinery depreciation 20,210 Heat, light, and power 6,970 Supplies 5,580 Property taxes 4,880 Miscellaneous costs 9,060 Total factory overhead 80,160 Total manufacturing costs incurred during March Total manufacturing costs incurred during March Total manufacturing costs Work in process inventory, March 31 105.450 Cost of goods manufactured Feedback Check My Work a. Add the beginning materials and purchases and subtract the ending materials inventory. Add direct labor and factory overhead. This will give total manufacturing costs. Then, add the total manufacturing costs to the beginning work in process Inventory and subtract the ending work in process inventory. b. Determine the cost of goods sold for March. Feedback Check My Work b. Add the cost of goods manufactured from (a) to the beginning finished goods inventory. Subtract the ending finished goods Inventory

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