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Print Item Statement of cost of goods manufactured for a manufacturing company Cost data for Johnstone Manufacturing Company for the month ended March 31 are
Print Item 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 Materials Work in process Finished goods March 1 $199,200 413,480 556,060 March 31 $183,160 484,130 584,200 Direct labor $3,320,000 Materials purchased during March 2,529,080 Factory overhead incurred during March: Indirect labor 303,540 Machinery depreciation 199,200 Heat, light, and power 166,000 Suppl 33,100 Property taxes 28,450 Miscellaneous costs 43,350 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Direct materials: Factory overhead: 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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