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 $234,000 $215,160 Work in process 485,710 568,710 Finished goods 653,200 686,260 Direct labor $3,900,000 Materials purchased during March 2,970,900 Factory overhead incurred during March: Indirect labor 356,570 Machinery depreciation 234,000 Heat, light, and power 195,000 Supplies 38,880 Property taxes 33,420 Miscellaneous costs 50,920 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. Open spreadsheet For the Month Ended March 31 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 V to Direct labor Factory overhead: Indirect labor tA Machinery depreciation V Heat, light, and power Supplies 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 manufacturedMachinery depreciation Heat, light, and power Supplies 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 b. Determine the cost of goods sold for March. Round your answer to the nearest dollar