Question
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:
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 $211,200 $194,200 Work in process 438,390 513,310 Finished goods 589,550 619,410 Direct labor $3,520,000 Materials purchased during March 2,681,430 Factory overhead incurred during March: Indirect labor 321,820 Machinery depreciation 211,200 Heat, light, and power 176,000 Supplies 35,090 Property taxes 30,170 Miscellaneous costs 45,960 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Prepare a cost of goods manufactured statement for March. Round your answers to the nearest dollar. Johnstone Manufacturing Company Statement of Cost of Goods Manufactured For the Month Ended March 31 Work in process inventory, March 1 $ fill in the blank 3 438,390 Direct materials: Materials inventory, March 1 $ fill in the blank 5 211,200 Purchases fill in the blank 7 281,430 Cost of materials available for use $ fill in the blank 9 405,400 Materials inventory, March 31 fill in the blank 11 194,200 $ fill in the blank 13 fill in the blank 15 Factory overhead: $ fill in the blank 17 fill in the blank 19 fill in the blank 21 fill in the blank 23 fill in the blank 25 fill in the blank 27 Total factory overhead fill in the blank 28 Total manufacturing costs incurred during March fill in the blank 29 Total manufacturing costs $ fill in the blank 30 fill in the blank 32 Cost of goods manufactured $ fill in the blank 33 Determine the cost of goods sold for March. Round your answer to the nearest dollar.
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