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	$216,500		$190,520
Work in process	147,220		129,550
Finished goods	112,580		129,550

Direct labor		$389,700
Materials purchased during March		415,680
Factory overhead incurred during March:
	Indirect labor	41,570
	Machinery depreciation	25,110
	Heat, light, and power	8,660
	Supplies	6,930
	Property taxes	6,060
	Miscellaneous costs	11,260

Question Content Area

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

Indirect laborMachinery depreciationSuppliesWork in process inventory, March 1Work in process inventory, March 1			$Work in process inventory, March 1
Direct materials:
Machinery depreciationMaterials inventory, March 1SuppliesWork in process inventory, March 31Materials inventory, March 1	$Materials inventory, March 1
Indirect laborProperty taxesPurchasesWork in process inventory, March 31Purchases	Purchases
Cost of materials available for useLess work in process inventory, March 31SuppliesWork in process inventory, March 1Cost of materials available for use	$Cost of materials available for use
Indirect laborMaterials inventory, March 31Miscellaneous costsWork in process inventory, March 31Materials inventory, March 31	Materials inventory, March 31
Cost of direct materials usedLess work in process inventory, March 31Materials inventory, March 1Total manufacturing costsCost of direct materials used		$Cost of direct materials used
Direct laborIndirect laborMachinery depreciationSuppliesDirect labor		Direct labor
Factory overhead:
Indirect laborMaterials inventory, March 1Materials inventory, March 31PurchasesIndirect labor	$Indirect labor
Direct laborMachinery depreciationPurchasesWork in process inventory, March 31Machinery depreciation	Machinery depreciation
Direct laborHeat, light, and powerMaterials inventory, March 1Work in process inventory, March 31Heat, light, and power	Heat, light, and power
Direct laborMaterials inventory, March 1PurchasesSuppliesSupplies	Supplies
Materials inventory, March 31Property taxesPurchasesWork in process inventory, March 31Property taxes	Property taxes
Direct materialsMiscellaneous costsPurchasesWork in process inventory, March 31Miscellaneous costs	Miscellaneous costs
Total factory overhead		fill in the blank
Total manufacturing costs incurred during March			fill in the blank
Total manufacturing costs			$fill in the blank
Cost of materials available for useDirect materialsMaterials inventory, March 31Work in process inventory, March 31Work in process inventory, March 31			Work in process inventory, March 31
Cost of goods manufactured			$fill in the blank

Question Content Area

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