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	$224,000		$192,640
Work in process	150,080		129,070
Finished goods	116,480		131,000

Direct labor		$403,200
Materials purchased during March		430,080
Factory overhead incurred during March:
	Indirect labor	43,010
	Machinery depreciation	25,980
	Heat, light, and power	8,960
	Supplies	7,170
	Property taxes	6,270
	Miscellaneous costs	11,650

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
Work in process inventory, March 1			$
Direct materials:
Materials inventory, March 1	$
Purchases
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
Property taxes
Miscellaneous costs
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. $