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 $199,750 $171,790 Work in process 135,830 116,820 Finished goods 101,870 116,820 Direct labor $359,550 Materials purchased during March 383,520 Factory overhead incurred during March: Indirect labor 38,350 Machinery depreciation 23,170 7,990 Heat, light, and power Supplies 6,390 Property taxes 5,590 Miscellaneous costs 10,390 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: Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Direct materials: $ $ Factory overhead: Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs 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. $