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 $138,250 $121,660 Work in process 92,630 81,510 Finished goods 70,510 82,730 Direct labor Materials purchased during March $248,850 265,440 Factory overhead incurred during March: Indirect labor 26,540 Machinery depreciation 16,040 Heat, light, and power 5,530 Supplies 4,420 Property taxes 3,870 Miscellaneous costs 7,190 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 Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March.