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johnson Corporation has the following information for the month of March:Purchases $ 105,000Materials inventory, March 1 16,000Materials inventory, March 31 8,000Direct labor 35,000Factory overhead 47,000Work

johnson Corporation has the following information for the month of March:Purchases $ 105,000Materials inventory, March 1 16,000Materials inventory, March 31 8,000Direct labor 35,000Factory overhead 47,000Work in process, March I 28,000Work in process, March 31 33,500Finished goods inventory, March 1 11,000Finished goods inventory, March 31 30,000Sales 357,000Selling expenses24,000Administrative expenses 29,000Prepare (a) a schedule of cost of goods manufactured, (b) an income statement for the month ended March 31,

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