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	$210,250		$180,820
Work in process	142,970		122,960
Finished goods	107,230		122,960

Direct labor		$378,450
Materials purchased during March		403,680
Factory overhead incurred during March:
	Indirect labor	40,370
	Machinery depreciation	24,390
	Heat, light, and power	8,410
	Supplies	6,730
	Property taxes	5,890
	Miscellaneous costs	10,930

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
Work in process inventory, March 1
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.