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 $161,500 $138,890 Work in process 108,210 93,060 Finished goods 82,370 93,060 $290,700 310,080 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation 31,010 18,730 Heat, light, and power 6,460 Supplies 5,170 Property taxes 4,520 Miscellaneous costs 8,400 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: 0 mil 0 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