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 $217,250 $189,010 Work in process 149,900 130,420 Finished goods 110,800 126,640 Direct labor $391,050 Materials purchased during March 417,120 Factory overhead incurred during March: Indirect labor 41,710 Machinery depreciation 25,200 Heat, light, and power 8,690 Supplies 6,950 Property taxes 6,080 Miscellaneous costs 11,300 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: For the Month Ended March 31 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. 0000