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 $212,000 $182,320 Work in process 1 44,160 123,980 Finished goods 110,240 122,150 S. Direct labor Materials purchased during March Factory overhead incurred during March: $381,600 407,040 Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs a. Prepare a cost of goods manufactured statement for March. Statement of Cost of Goods Manufactured Johnstone Manufacturing Company statemente For the Month Ended March 31 Work in process inventory, March 1 Direct materials: Materials inventory, March 1 Factory overhead: Total factory overhead Factory overhead: Total factory overhead Total manufacturing costs incurred during Marc Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March