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 $122,190 $143,750 99,190 Work in process Finished goods 84,310 83,090 74,750 Direct labor $258,750 276,000 Materials purchased during March Factory overhead incurred during March: Indirect labor 27,600