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 Materials $180,000 Work in process 373,630 Finished goods 502,460 March 31 $165,510 437,400 527,900 Direct labor $3,000,000 Materials purchased during March 2,285,310 Factory overhead incurred during March: Indirect labor 274,280 Machinery depreciation 180,000 Heat, light, and power 150,000 Supplies 29,910 Property taxes 25,710 Miscellaneous costs 39,170 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. $ 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 in production Direct labor Factory overhead: Indirect labor Machinery depreciation Heat, light, and power Supplies LIIT Property taxes Miscellaneous costs Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Work in process inventory, March 31 Cost of goods manufactured Cost of goods manufactured b. Determine the cost of goods sold for March. Round your answer to the nearest dollar.