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 $194,250 Materials Work in process Finished goods $170,940 117,950 134,030 99,070 116,240 $349,650 372,960 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor 37,300 22,530 7,770 Machinery depreciation Heat, light, and power Supplies Property taxes 6,220 5,440 Miscellaneous costs 10,100 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: 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