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	$222,000		$199,800
Work in process	153,180		137,860
Finished goods	113,220		133,870

Direct labor		$399,600
Materials purchased during March		426,240
Factory overhead incurred during March:
	Indirect labor	42,620
	Machinery depreciation	25,750
	Heat, light, and power	8,880
	Supplies	7,100
	Property taxes	6,220
	Miscellaneous costs	11,540

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 92d34cff4fd806c_2
Direct materials:
	$fill in the blank 92d34cff4fd806c_4
	fill in the blank 92d34cff4fd806c_6
	$fill in the blank 92d34cff4fd806c_8
	fill in the blank 92d34cff4fd806c_10
		$fill in the blank 92d34cff4fd806c_12
		fill in the blank 92d34cff4fd806c_14
Factory overhead:
	$fill in the blank 92d34cff4fd806c_16
	fill in the blank 92d34cff4fd806c_18
	fill in the blank 92d34cff4fd806c_20
	fill in the blank 92d34cff4fd806c_22
	fill in the blank 92d34cff4fd806c_24
	fill in the blank 92d34cff4fd806c_26
Total factory overhead		fill in the blank 92d34cff4fd806c_27
Total manufacturing costs incurred during March			fill in the blank 92d34cff4fd806c_28
Total manufacturing costs			$fill in the blank 92d34cff4fd806c_29
			fill in the blank 92d34cff4fd806c_31
Cost of goods manufactured			$fill in the blank 92d34cff4fd806c_32

b. Determine the cost of goods sold for March.