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 $232,250 $197,410 Work in process 160,250 136,210 Finished goods 118,450 132,260 Direct labor $418,050 Materials purchased during March 445,920 Factory overhead incurred during March: Indirect labor 44,590 Machinery depreciation 26,940 Heat, light, and power 9,290 Supplies 7,430 Property taxes 6,500 Miscellaneous costs 12,080 a. Prepare a cost of goods manufactured statement for March.