Statement of cost of goods manufactured for a manufacturing company March 31 Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 Materials $240,000 Work in process 498,170 Finished goods 669,950 $220,680 583,300 703,870 $4,000,000 3,047,080 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 365,710 240,000 200,000 39,880 34,280 52,230 a. Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Work in process inventory, March 1 $ 498,170 Direct materials: Materials inventory, March 1 $ 240,000 Purchases 3,047,080 Cost of materials available for use Materials inventory, March 31 Cost of direct materials used in production $ 3,287,080 220,680 Direct labor $ 3,066,400 4,000,000 Factory overhead: Indirect labor $ 365,710 240,000 200,000 Machinery depreciation Heat, light, and power Supplies Property taxes 39,880 34,280 Direct labor 4,000,000 Factory overhead: Indirect labor 365,710 Machinery depreciation Heat, light, and power Supplies 240,000 200,000 39,880 Property taxes 34,280 Miscellaneous costs 52,230 932,100 Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Work in process inventory, March 31 $ 583,300 Cost of goods manufactured $ b. Determine the cost of goods sold for March. Round your answer to the nearest dollar