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 $210,000 $193,100 Work in process 435,900 510,400 Finished goods 586,200 615,900 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs $3,500,000 2,666,200 320,000 210,000 175,000 34,900 30,000 45,700 a. Prepare a cost of goods manufactured statement for March. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured eBook Show Me How Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Work in process inventory, March 1 Direct materials: Materials inventory, March 1 Purchases Cost of materials available for use Materials inventory, March 31 C Cost of direct materials used Direct labor E Factory overhead:) Indirect labor Machinery depreciation 210,000 2,666,200 Heat, light, and power 4 Supplies Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Check My Work 3 more Check My Work uses remaininn 435,900 00000000 Cost of materials available for use Materials inventory, March 31 Cost of direct materials used Direct labor Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies S Property taxes Miscellaneous costs Total factory overhead Show Me How Total manufacturing costs incurred during March Total manufacturing costs Work in process inventory, March 31 Cost of goods manufactured b. Determine the cost of goods sold for March. 0000