Question
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:
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 $183,600 $168,820 Work in process 381,100 446,230 Finished goods 512,510 538,460 Direct labor $3,060,000 Materials purchased during March 2,331,020 Factory overhead incurred during March: Indirect labor 279,770 Machinery depreciation 183,600 Heat, light, and power 153,000 Supplies 30,510 Property taxes 26,220 Miscellaneous costs 39,960 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 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 Work in process inventory, March 1 $ fill in the blank 3 Direct materials: Materials inventory, March 1 $ fill in the blank 5 Purchases fill in the blank 7 Cost of materials available for use $ fill in the blank 9 Materials inventory, March 31 fill in the blank 11 Cost of direct materials used in production $ fill in the blank 13 Direct labor fill in the blank 15 Factory overhead: Indirect labor $ fill in the blank 17 Machinery depreciation fill in the blank 19 Heat, light, and power fill in the blank 21 Supplies fill in the blank 23 Property taxes fill in the blank 25 Miscellaneous costs fill in the blank 27 Total factory overhead fill in the blank 28 Total manufacturing costs incurred during March fill in the blank 29 Total manufacturing costs $ fill in the blank 30 Work in process inventory, March 31 fill in the blank 32 Cost of goods manufactured $ fill in the blank 33 Determine the cost of goods sold for March. Round your answer to the nearest dollar.
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