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	$139,000		$120,930
Work in process	93,130		81,020
Finished goods	70,890		82,230

Direct labor		$250,200
Materials purchased during March		266,880
Factory overhead incurred during March:
	Indirect labor	26,690
	Machinery depreciation	16,120
	Heat, light, and power	5,560
	Supplies	4,450
	Property taxes	3,890
	Miscellaneous costs	7,230

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			$fill in the blank 3476b3058fe5006_2
Direct materials:
Materials inventory, March 1	$fill in the blank 3476b3058fe5006_4
Purchases	fill in the blank 3476b3058fe5006_6
Cost of materials available for use	$fill in the blank 3476b3058fe5006_8
Materials inventory, March 31	fill in the blank 3476b3058fe5006_10
Cost of direct materials used		$fill in the blank 3476b3058fe5006_12
Direct labor		fill in the blank 3476b3058fe5006_14
Factory overhead:
Indirect labor	$fill in the blank 3476b3058fe5006_16
Machinery depreciation	fill in the blank 3476b3058fe5006_18
Heat, light, and power	fill in the blank 3476b3058fe5006_20
Supplies	fill in the blank 3476b3058fe5006_22
Property taxes	fill in the blank 3476b3058fe5006_24
Miscellaneous costs	fill in the blank 3476b3058fe5006_26
Total factory overhead		fill in the blank 3476b3058fe5006_27
Total manufacturing costs incurred during March			fill in the blank 3476b3058fe5006_28
Total manufacturing costs			$fill in the blank 3476b3058fe5006_29
Work in process inventory, March 31			fill in the blank 3476b3058fe5006_31
Cost of goods manufactured			$fill in the blank 3476b3058fe5006_32

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a. Add the beginning materials and purchases and subtract the ending materials inventory. Add direct labor and factory overhead. This will give total manufacturing costs. Then, add the total manufacturing costs to the beginning work in process inventory and subtract the ending work in process inventory.

b. Determine the cost of goods sold for March. $fill in the blank 91907df99023012_1