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 $210,750 $185,460 Materials Work in process Finished goods 145,420 127,970 109,590 124,260 Direct labor Materials purchased during March $379,350 404,640 Factory overhead incurred during March: Indirect labor Machinery depreciation Heat, light, and power 40,460 24,450 8,430 Supplies Property taxes 6,740 5,900 10,960 Miscellaneous costs 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 Direct materials: Factory overhead: Total factory overhead Total manufacturing costs incurred during March Total manufacturing costs Cost of goods manufactured b. Determine the cost of goods sold for March