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	$130,500		$112,230
Work in process	86,130		74,070
Finished goods	67,860		76,320

Direct labor		$234,900
Materials purchased during March		250,560
Factory overhead incurred during March:
	Indirect labor	25,060
	Machinery depreciation	15,140
	Heat, light, and power	5,220
	Supplies	4,180
	Property taxes	3,650
	Miscellaneous costs	6,790

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
			$fill in the blank ebe221ff7069045_2
Direct materials:
	$fill in the blank ebe221ff7069045_4
	fill in the blank ebe221ff7069045_6
	$fill in the blank ebe221ff7069045_8
	fill in the blank ebe221ff7069045_10
		$fill in the blank ebe221ff7069045_12
		fill in the blank ebe221ff7069045_14
Factory overhead:
	$fill in the blank ebe221ff7069045_16
	fill in the blank ebe221ff7069045_18
	fill in the blank ebe221ff7069045_20
	fill in the blank ebe221ff7069045_22
	fill in the blank ebe221ff7069045_24
	fill in the blank ebe221ff7069045_26
Total factory overhead		fill in the blank ebe221ff7069045_27
Total manufacturing costs incurred during March			fill in the blank ebe221ff7069045_28
Total manufacturing costs			$fill in the blank ebe221ff7069045_29
			fill in the blank ebe221ff7069045_31
Cost of goods manufactured			$fill in the blank ebe221ff7069045_32

b. Determine the cost of goods sold for March. $fill in the blank bb2872f91fd4019_1