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	$138,250		$121,660
Work in process	95,390		83,950
Finished goods	70,510		82,730

Direct labor		$248,850
Materials purchased during March		265,440
Factory overhead incurred during March:
	Indirect labor	26,540
	Machinery depreciation	16,040
	Heat, light, and power	5,530
	Supplies	4,420
	Property taxes	3,870
	Miscellaneous costs	7,190

a. Prepare a cost of goods manufactured statement for March.

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: $ $ 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