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 $177,500 $154,430 Work in process 122,480 106,560 Finished goods 92,300 103,470 $319,500 340,800 34,080 Direct labor Materials purchased during March Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power Supplies Property taxes Miscellaneous costs 20,590 7,100 5,680 4.970 9,230 a. Prepare a cost of goods manufactured statement for March Johnstone Manufacturing Company Statement of Cost of Goods Manufactured Statement of Cost of Goods Manufactured For the Month Ended March 31 Work in process inventory, March 1 122.480 Direct materials: Materials inventory, March 1 $ 177.500 Purchases 154.430 X Cost of materials available for use $ 331.930 X Materials inventory, March 31 154.430 Cost of direct materials used 177.500 Direct labor 319.500 Factory overhead: Indirect labor $ 34,080 Machinery depreciation 20.590 Heat, light, and power 7.100 Supplies 5,680 V Property taxes 4.970 Cost of materials available for use 331,930 X Materials inventory, March 31 154,430 Cost of direct materials used 177,500 X Direct labor 319,500 Factory overhead: Indirect labor 34.000 Machinery depreciation 20.590 Heat, light, and power 7.100 Supplies 5.680 Property taxes 4,970 Miscellaneous costs 9,230 V 81.650 Total factory overhead 578,650 Total manufacturing costs incurred during March 701.130 Total manufacturing costs 106,560 Work in process inventory, March 31 594.570 Cost of goods manufactured Cost of Goods Manufactured for a Manufacturing Company The following information is available for Fuller Manufacturing Company for the month ending October 31: Cost of direct materials used in production $149,700 Direct labor 179,600 Work in process inventory, October 1 67,400 Work in process inventory, October 31 91,300 Total factory overhead 82,300 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production $ Direct labor Factory overhead WUPO CORY CODE Work in process inventory, October 31 Total factory overhead 91,300 82,300 Determine Fuller Manufacturing's cost of goods manufactured for the month ended October 31. Fuller Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended October 31 Work in process inventory, October 1 Manufacturing costs incurred during October: Cost of direct materials used in production $ Direct labor Factory overhead Total manufacturing costs incurred Total manufacturing costs Work in process inventory, October 31 Cost of goods manufactured