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 $201,750 $171,490 137,190 Work in process Finished goods 116,610 104,910 116,610 Direct labor $363,150 Materials purchased during March Factory overhead incurred during March: 387,360 Indirect labor 38,740 Machinery depreciation Heat, light, and power 23,400 8,070 Supplies 6,460 Property taxes 5,650 Miscellaneous costs 10,490 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 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: 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