Question
Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month ended March 31 are as
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 $168,250 $146,380 Work in process 112,730 98,070 Finished goods 85,810 99,540 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs $302,850 323,040 32,300 19,520 6,730 5,380 4,710 8,750 a. Prepare a cost of goods manufactured statement for March.
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