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 Materials Work in process Finished goods March 11 March 31 $194,200 $211,200 438,390 589,550 619,410 513,310 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation $3,520,000 2,681,430 321,820 Heat, light, and power Supplies Property taxes Miscellaneous costs 211,200 176,000 35,090 30,170 45,960 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, performs the required analysis, and input your answers in the questions below. Open spreadsheet 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 Check My Work All work saved. Previous Email instructor Save and Ext Submit Assignment for Grading eBook Show Me How Office 365 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 211,200 2,681,430 $ 194,200 Cost of materials available for use Materials inventory, March 31 Cost of direct materials used in production Direct labor Factory overhead: Indirect labor Machinery depreciation. Heat, light, and power Supplies Property taxes Miscellaneous costs 3,520,000 321,820 211,200 176,000 35,090 30,170 45,960 v 820,240 Total factory overhead 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. Round your answer to the nearest dollar Check My Work 438,390 513,310 Previous All work saved. Email Instructor Save and Exit Submit Assignment for Grading