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	$186,250		$160,180
Work in process	126,650		108,920
Finished goods	94,990		108,920

Direct labor		$335,250
Materials purchased during March		357,600
Factory overhead incurred during March:
	Indirect labor	35,760
	Machinery depreciation	21,610
	Heat, light, and power	7,450
	Supplies	5,960
	Property taxes	5,220
	Miscellaneous costs	9,690

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
Work in process inventory, March 1
Direct materials:
Materials inventory, March 1
Purchases
Cost of materials available for use
Materials inventory, March 31
Cost of direct materials used
Direct labor
Factory overhead:
Indirect labor
Machinery depreciation
Heat, light, and power
Supplies
Property taxes
Miscellaneous costs
Total factory overhead
Total manufacturing costs incurred during March
Total manufacturing costs
Work in process inventory, March 31
Cost of goods manufactured