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 $173,500 $152,680 Work in process 116,250 102,300 Finished goods 90,220 103,820 Direct labor Materials purchased during March Factory overhead incurred during March: $312,300 333,120 Indirect labor 33,310 < Machinery depreciation 20,130 Heat, light, and power 6,940 Supplies 5,550 Property taxes 4,860 Miscellaneous costs 9,020 Miscellaneous costs 9,020 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 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. Check My Work 000300