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 $144,750 $128,830 Work in process 95,540 85,030 Finished goods 73,820 86,320 Direct labor $260,550 277,920 27,790 Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes 16,790 5,790 4,630 4,050 Miscellaneous costs 7,530 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: Direct materials: Factory overhead: