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 $170,500 $150,040 Work in process 114,240 100,530 Finished goods 86,960 100,530 Direct labor $306,900 Materials purchased during March 327,360 Factory overhead incurred during March: Indirect labor 32,740 Machinery depreciation. 19,780 Heat, light, and power 6,820 Supplies 5,460 Property taxes 4,770 Miscellaneous costs 8,870 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: