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 $192,500 $167,480 Work in process 128,980 112,210 Finished goods 98,180 112,210 Direct labor $346,500 Materials purchased during March 369,600 Factory overhead incurred during March: Indirect labor 36,960 Machinery depreciation 22,330 7,700 Heat, light, and power Supplies 6,160 Property taxes 5,390 Miscellaneous costs 10,010 a. Prepare a cost of goods manufactured statement for March. 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 ID Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March